Question

9. Find the amount of Rs,10000 for 2 years at 15% per annum compound interest​

Answer 1

Step-by-step explanation:

amount = p(1+r/100) raise to power t

amount=10000(1+15/100)^2

amount=10000(1+3/20)^2

amount=10000*23/20*23/20

amount=13225 rupees

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Answer 2

Step-by-step explanation:

Here, principal (p) = Rs. 10,000

Time (T) = 2 years

Rate of interest (R) = 15% p.a.

Compound Amount (C.A.) =?

We have,

C.A =

$p(1 + \frac{r}{100} )^{t} = 10000(1 + \frac{15}{100} )^{2} = 13225$

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