Question

the simple interest on a certain sum of money for 2 years at 11 by 2 %
is rupees 6600 what will be the compound interest on that sum at the same rate for the same time period​

Answer 1

Step-by-step explanation:

p=6600

r=11*2=22%

t=2years

C. A=p *[1+r/100]

=6600[1+22/100]2

=6600[1+11/50]2

=6600[61/50]

=6600*61/50*61/50

=9823.44

C. I=A- P

=9823.44- 6600

=3223.44