Question

calculate the amount and compound interest when 10,000is invested for 2 years at the rate of 6% pa TELL FAST

Answer 1

Answer:

1236

Step-by-step explanation:

Principal= 10,000

Time = 2 years

Rate = 6% p.a

1st year Intrest ,

10,000x1x6/100=600

Now,new amount is 10000 + 600=10600

2nd year intrest,

10600x1x6/ 100=636

new amount = 10600+636=11236

Compound intrest = 11236-10000

= 1236