Question

What is the compound interest if principal is 8400 rate is 13 and year is 2.5

Answer 1

Answer:

The compound interest is ₹2730.

Step-by-step explanation:

Compound interest = p*r*t/100

= 8400*13*2.5/100

= 8400*13*25/1000

= 84*13*25/10

= 84*13*5/2

= 42*13*5 = 2730.(answer).

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Answer 2

$ci = p(1 + (r \div 100))^{n}$

=4800(1+(13/100))^2.5

= 6515.3