Question

Calculate the compound interest for 2nd year if shweta rupees 12000 at 10% per anum ​

Answer 1

Answer:

P = 12,000 Rs and N = 2 years. R = 10

Step-by-step explanation:

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

-> 12000(1+10/100)^2

-> 12000(11/10)^2

-> 12000×121/100

-> 14,520 Rs

Compound Interest = A - P = 14520 - 12000 = 2520.

Hence, the compound interest is Rs 2520.