Find The Compound Interest Accrued On An Amount Of Rs.14,800 At 13.5%

1.	Find The Compound Interest Accrued On An Amount Of Rs.14,800 At 13.5% P.a At The End Of Two Years. (round Off Your Answer To Nearest Integer)
Answer» CI = 14800{ [ 1 + 13.5/100]2 - 1 } = 14800 { [1 + 27/200]2 - 1 = 14800 { 2 + 27/200}{27/200} = (74)[2 + 27/200](27) = 1998[2 + 27/200] = 3996 + 269.73 = RS. 4266. CI = 14800{ [ 1 + 13.5/100]2 - 1 } = 14800 { [1 + 27/200]2 - 1 = 14800 { 2 + 27/200}{27/200} = (74)[2 + 27/200](27) = 1998[2 + 27/200] = 3996 + 269.73 = Rs. 4266.

Find The Compound Interest Accrued On An Amount Of Rs.14,800 At 13.5% P.a At The End Of Two Years. (round Off Your Answer To Nearest Integer)

Answer»

CI = 14800{ [ 1 + 13.5/100]2 - 1 }

= 14800 { [1 + 27/200]2 - 1

= 14800 { 2 + 27/200}{27/200}

= (74)[2 + 27/200](27) =

1998[2 + 27/200] = 3996 + 269.73 = RS. 4266.

CI = 14800{ [ 1 + 13.5/100]2 - 1 }

= 14800 { [1 + 27/200]2 - 1

= 14800 { 2 + 27/200}{27/200}

= (74)[2 + 27/200](27) =

1998[2 + 27/200] = 3996 + 269.73 = Rs. 4266.