find compound interest and amount if p equals to 36,000 r equals to 20 percent and time equals to 2 years also give amount as well compound interest
give brief explanation and answer me quickly
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find compound interest and amount if p equals to 36,000 r equals to 20 percent and time equals to 2 years also give amount as well compound interest
give brief explanation and answer me quickly
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Answer:
7920 is the compound
nterest of 36000 of two years
Verified answer
Solution :
[tex]\underline{\bf{Given\::}}}}[/tex]
[tex]\underline{\bf{To\:find\::}}}}[/tex]
The compound Interest & amount .
[tex]\underline{\bf{Explanation\::}}}}[/tex]
Using formula of the compounded annually :
[tex]\boxed{\bf{Amount=Principal\bigg(1+\frac{R}{100} \bigg)^{n}}}}[/tex]
[tex]\longrightarrow\sf{A=36000\bigg(1+\cancel{\dfrac{20}{100}} \bigg)^{2} }\\\\\\\longrightarrow\sf{A=36000\bigg(1+\dfrac{1}{5} \bigg)^{2}}\\\\\\\longrightarrow\sf{A=36000\bigg(\dfrac{5+1}{5} \bigg)^{2}}\\\\\\\longrightarrow\sf{A=36000\bigg(\dfrac{6}{5} \bigg)^{2}}\\\\\\\longrightarrow\sf{A=\cancel{36000} \times \dfrac{6}{\cancel{5}} \times \dfrac{6}{\cancel{5}} }\\\\\\\longrightarrow\sf{A=Rs.(1440\times 36)}\\\\\longrightarrow\bf{A=Rs.51840}[/tex]
Now;
We know that compound Interest :
[tex]\longrightarrow\sf{C.I.=Amount-Principal}\\\\\longrightarrow\sf{C.I.=Rs.51840-Rs.36000}\\\\\longrightarrow\bf{C.I.=Rs.15840}[/tex]