Question

calculate the amount on Rs 15000 for 2 years at 10% per annum​

Answer 1

Answer:

# Given - P = 15000 Rs. r = 10 % per annum. t = 2 years.

# Solution - 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 = 3150 Rs. Therefore, compound interest is 3150 Rs.

Step-by-step explanation:

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Answer 2

Answer:

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