Calculate the amount if Rs 12000 is invested at 12% p.a compounded annually for 2 years. Also find the compound interest.
Answers
Answered by
38
use formula ,
A = P(1 + r/100)^n
given,
P =12000
r =12
n = 2
A =12000( 1 + 12/100)^2
=12000(1+0.12)^2
=12000(1.12)^2
=15052.8
hence ,
amount =15052.8 Rs
and interest =15052-12000 =3052.8 Rs
A = P(1 + r/100)^n
given,
P =12000
r =12
n = 2
A =12000( 1 + 12/100)^2
=12000(1+0.12)^2
=12000(1.12)^2
=15052.8
hence ,
amount =15052.8 Rs
and interest =15052-12000 =3052.8 Rs
Answered by
0
Answer:
3052.8 is teh answer of your questions
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