what will be compund intrest of 40000 rupees for 18 months at 13% at p.a ¿
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Step-by-step explanation:
P= 40000
time = 1and half year = 1.5
rate = 13%
A= 40000[1+13%]^1.5
A= 40000[1.13]^1.5
A = 40000[1.20120647]
A= 48048.2588
compound interest= 48048.2588-40000
= 8048.2588
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