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ZanzabumX [31]
2 years ago
8

PLZ HELLPPP

Mathematics
1 answer:
Eduardwww [97]2 years ago
4 0

Answer:10,260

Step-by-step explanation:I took the test

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2 years ago
Find the compound Interest for Rs.18,800 ,calculated for 2 years at 13% rate of Interest compounded annually
Vinvika [58]

For compound interest, the formula is given below:

Amount = P(1+\frac{r}{100} )^{n}

Here, P = 18,800

n = 2

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So, Amount = 18,800(1+\frac{13}{100} )^{2}

18,800(1.13)^{2}

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= 24005.72

Compound Interest = Amount - Principal

Compound Interest = 24005.72 - 18800

= 5205.72

Hence, the compound interest for Rs.18,800, calculated for 2 years at 13% rate of interest compounded annually is Rs.5205.72.


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