Question

calculate the amount and the compound interest on 12000 in 2 years at 10% per year​

Answer 1

Answer:

ANSWER 5280

Step-by-step explanation:

P=12000.

R=1O%.

T=2 YEARS.

CI=(12000×10×1)÷100.=1200.

AMOUNT=13200.

CI=(13200×10×1)÷100.=1320

AMOUNT=14520.

TOTAL CI=1320+1200=2520.

Answer 2

Principal= ₹12000

Rate= 10%

Time= 1 year

Compounded amount= P(R+1/100)^n

= 12000(10+1/100)

= ₹13200

Compound interest = (13200-12000)

= ₹1200

Principal= ₹(12000+1200)

= ₹13200

Rate= 10%

Time= 1 year

Compounded amount= P(R+1/100)^n

= 13200(10+1/100)

= ₹14520

Compound interest=(14520-13200)

= ₹1320