Calculate the compound and the amount interest on Rs. 12000 in 2 years at
10•/• per year. Please solve this question
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Answer:
ANSWER
A=P(1+r)
t
=12000(1+0.1)
2
=14520
CI=A−P=14520−12000
=2520Rs.
Step-by-step explanation:
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Answered by
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Answer:
amount=14520 compound interest=4520
Step-by-step explanation:
we know that amount=p(1+r/100)^n
where n=time=2years
p=12000
r=10%
so putting all these on above equation amount= rs 14520
ci= amount-principal
ci=14520-10000=4520
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