calculate the amount and the compound interest on rs 12000 in 2 years at 10% per year
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P=12000
R=10%
T=2 years
Simple Interest=P×R×T/100
12000×10×2/100
240000/100
=2400
Amount=Principle + Interest
12000+2400
=14400
Compound interest = Amount-Principle
14400-12000
=2400
R=10%
T=2 years
Simple Interest=P×R×T/100
12000×10×2/100
240000/100
=2400
Amount=Principle + Interest
12000+2400
=14400
Compound interest = Amount-Principle
14400-12000
=2400
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