Question

calculate the compound interest for second year on 1200 rupees inveted for 4 years at 5 percent per annum. The answer must be 630 I just need explaination​

Answer 1

Answer:

c.i=p(1+r/100)^t

and then amount= c.i - principal

Step-by-step explanation:

c.i= 1200(1+5/100)^4

=1200(1+1/20)^4

=1200*(21/20)^4

=(1200*21/20*21/20*21/20*21/20)= C.I

Then amount= c.i - principal

now

calculate your answer will come bro.

thanks for asking question.