Question

1) Kapil invests 12000 for 3 years at 10% per annum
compound interest in bank of Baroda. Calculate
a) The Cl for 2nd year
b) Interest for the 3rd year.​

Answer 1

Answer:

compound interest )

1st year = 12000*10/100

interest = 1200

amount of first year = 1200+12000=> 13200

2nd year = 13200*10/100

interest= 1320

amount = interest +principal= 1320+13200= 14520

compound interest for 2nd year = amount- principal ( 14520- 12000) = ₹2520

3rd year interest = 14520*10/100

interest = ₹1452

Answer 2

Step-by-step explanation:

See the answer n solve

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