Answer:
Sum=Rs.18000
Time =2 years
Rate of intereast=15%
A=P(1+r/100)^n
⇒A=Rs.18000(1+15/100)^2
⇒18000×115/100×115/100
⇒Rs.23805
∴ Compound Interest =A−P
=Rs.23805−Rs.18000=Rs.5805
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Answers & Comments
Answer:
Sum=Rs.18000
Time =2 years
Rate of intereast=15%
A=P(1+r/100)^n
⇒A=Rs.18000(1+15/100)^2
⇒18000×115/100×115/100
⇒Rs.23805
∴ Compound Interest =A−P
=Rs.23805−Rs.18000=Rs.5805