Question

1. Find the amount and compound interest on
(i) Rs 12,000 in 2 years at 8% per annum
(ii) Rs 20,000 in 2 years at 10% per annum​

Answer 1

Step-by-step explanation:

1 Principal amount: `12,000

Rate of Interest: 8%

Tenure: 2yrs

Amount: ` 14,074

2 Principal amount: `20,000

Rate of Interest: 10%

Tenure: 2yrs

Amount: 24,407

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