Question

Calculate the Compound interest for 18,000 for 2 years at 8% per

annum compounded annually.


AGAIN URGENT!!!!!
THANK U​

Answer 1

interest ( I ) , principal ( P ), Time ( T ) , Rate ( R )

P = I×T×R

100

P = 18,000×2×8

100

= 18,000×16

100

so two zero cancel other two zero living

= 180×16 = 180 × 16

1

= 180 × 16

P = 2880

1

we fixe in the values

Answer 2

Explanation:

principal = 18000

Time = 3 yrs

Rate. = 8%.

CI. = ?

Now

CI = p ( 1+ R÷ 100) ^T

CI = 18000( 1+ 8÷ 100 ) ^ 2

CI = 20995.2

Hope it's is Right :-)