Find find amount and compound interest on rupees 12000 for 5 by 2 years at 5% per annum.

Asked by ritasingh2502 | 13th Jul, 2021, 12:44: PM

Expert Answer:

straight A space equals space straight P open parentheses 1 plus straight R over 100 close parentheses to the power of straight N
equals 40000 cross times open parentheses 1 plus 15 over 100 close parentheses to the power of 5 over 2 end exponent
straight A equals 56728.93
straight I space equals space 56728.93 space minus space 40000 space equals 16728.93

Answered by Renu Varma | 15th Jul, 2021, 08:01: PM