Question

Calculate the amount and the compound interest when 10,000 is invested for 2 years at
the rate of 6% p.a​

Answer 1

Answer:

It is the answer of your question

Answer 2

Hey mate! here's your answer,

As per the question we have to Give 6% of 10000 and then after the first annum then give 6% of the first annum rupees.

So

$6\% \: of \: 100000 = 600$

so as per that we have to

$10000 + 600 = 10600$

so then this first annum money

Then, Second annum money

$6\% \: of \: 10600 = 636$

so then we have to add

$10600 + 636 = 11236$

so then we have to give

11236 at second annum.

So the money we have given

$11236 - 10000 = 1236$

we have paid 1236 extra.

Hope this will help you.

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