Question

calculate the amount of the compound interest ₹10000 is invested for 2 years at the rate of 6% per annum​

Answer 1

Answer:

11,236 is the amount of compound interest.

Step-by-step explanation:

Hope it helps

:-)

Answer 2

Step-by-step explanation:

Given :

P=10000 ,Duration=2years ,Compound Interest = 6%

We know that ,

Amount = P(1+r/100)^n

=10000(1+6/100)^2

=10000(1+36/10000+12/100)

=10000(1+36+12/10000)

=10000(10000+1236/10000)

Amount = Rs. 11236