Question

1. The compound interest of 12,000 at 5% per annum
for two years is -आंसर ​

Answer 1

Answer:

Amount A=P(1+r)

t

Here, P=12000,r=

100

5

=0.05,t=2

∴A=12000(1+0.05)

2

=12000(1.05)

2

=12000(1.1025)

=13230

Compound interest=13230−12000=1230

Option B is correct.