The compound interest on 24000 rupees compounded annually for 2 years at the rate of 10% per annum is
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Answered by
4
Hi.
Here is your answer---
_____________________
Given---
Principal(P) = Rs. 24000
Time(t) = 2 years.
Rate%(R%) = 10% p.a.
Using the Formula,
C.I.= (P× R × T) ÷ 100
= (24000 × 10 × 2) ÷ 100
= 4800
Thus, the Compound Interest will be Rs. 4800.
____________________
Hope it helps.
Have a nice day.
Here is your answer---
_____________________
Given---
Principal(P) = Rs. 24000
Time(t) = 2 years.
Rate%(R%) = 10% p.a.
Using the Formula,
C.I.= (P× R × T) ÷ 100
= (24000 × 10 × 2) ÷ 100
= 4800
Thus, the Compound Interest will be Rs. 4800.
____________________
Hope it helps.
Have a nice day.
Answered by
1
Answer:
Step-by-step explanation:
24000(1+10/100)^2
Hence ans
5040. ✓
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