Question

Calculate the amount on Rs 15,000 for 2 years at 10% per annum​

Answer 1

Answer:

c.i = 3150

Step-by-step explanation:

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Given

P = 15000

N = 2

R = 10%

now as we know formula

Compound interest over sum p is given by formula -

CI = P [(1+r)^t - 1]

CI = 15000 [(1 + 10/100)^2 - 1]

CI = 15000 [(1+0.1)^2 - 1]

CI = 15000 [1.1^2 - 1]

CI = 15000 [1.21 - 1]

CI = 15000 × 0.21

CI = 3150 Rs

Therefore, compound interest is 3150 Rs.

Answer 2

Answer:

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