X deposited Rs. 11200 with a non-bank finance company at 14%
p.a. compounded interest rate for 2 year. What is the amount of
interest for the 1st year.
Answers
Answered by
2
Explanation:
for 1st year,
p=11200
r=14%
t=2yrs
Si = prt/100
11200*14*2/100
=112*28
=3336
A=p+I
=11200+3336
=. $ 14536
Similar questions