Question

without using c.i formula calculate compound interest in rs. 15000 for 2year at 10%p.a​

Answer 1

Answer:

# Given -

P = 15000 Rs

r = 10 % per annum

t = 2 years

# Solution -

Compound interest over sum p is given by formula -

CI = P [(1+r)^t - 1]

CI = 15000 [(1 + 10/100)^2 - 1]

CI = 15000 [(1+0.1)^2 - 1]

CI = 15000 [1.1^2 - 1]

CI = 15000 [1.21 - 1]

CI = 15000 × 0.21

CI = 3150 Rs

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Answer 2

Answer:

hope so it will helpful to you