jakeindusties jakeindusties

26-09-2021
Mathematics

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Find the value and the compound interest if £4000 is invested for 2 years at 36% p.a.

Final value = £

Interest = £

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Аноним Аноним

26-09-2021

Principal=P=4000
Time=T=2years
Rate of interest =R=36

Interest be I

[tex]\\ \sf\longmapsto I=\dfrac{PRT}{100}[/tex]

[tex]\\ \sf\longmapsto I=\dfrac{4000(2)(36)}{100}[/tex]

[tex]\\ \sf\longmapsto I=\dfrac{288000}{100}[/tex]

[tex]\\ \sf\longmapsto I=2880[/tex]

Now

Final value=4000+2880=6880

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