Question

Calculate the compound interest $2000 for 2years at 12% per annum

Answer 1

$<b>$ hey mate

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here's your answer,

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principal = $2000 = Rs.1,40,730

rate = 12%p.a.

time =2years

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amount = p×(1+$\huge\frac{12}{100}$ )^2

= 140730×(1+$\huge\frac{12}{100}$ )^2

= Rs.176531.712

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compound interest = amount- principal

= Rs.176531.712 - 140730

= Rs.35801.712

$<HR>$
$<HR>$

hope it helps you mate ✌✌

be brainly ✌✌

BY SAKSHI SINGH ✌✌

Answer 2

Answer: C.I.=$1075.2

Step-by-step explanation:

P=$2000                                          T=2years

R%= 12% per annum

First year, S.I.=P×R×T/100 = 2000×2×12/100 = 480

P for second year = $[2000+480]= $2480

Second year, S.I.=2480×2×12/100= $595.2

C.I.=$[480+595.2]=1075.2