Question

the amount of ₹ 28000 at 5 percent per annum compound interest in 2 years will be

Answer 1

principal=28000
rate=5%
time=2 years
A=P(1+r/100)^n
=28000(1+5/100)^2
=30870

Answer 2

principal=28000
rate=5%
time=2 years
Amount=P (1+r÷100)^n
Amount=28000 (1+5÷100)^2
Amount=30870