Calculate the compound interest on ₹6000 at 10% per annum for 2 years
Answers
Answered by
100
Answer:
Principal(P)=rs. 6000
Rate(R) =10%
Time(t)=2years
Compound Interest=P×(1+R/100)^2
=6000×(1+10/100)^2
=6000×11/10×11/10
=7260
=Compound Interest=rs. 7260-rs.6000
=rs.1260
So the compound interest on rs. 6000 at 10% per annum for 2 years will be rs. 1260 (Ans.)
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Answered by
4
Answer:
1260
Step-by-step explanation:
Principal(P)=rs. 6000
Rate(R) =10%
Time(t)=2years
Compound Interest=P×(1+R/100)^2
=6000×(1+10/100)^2
=6000×11/10×11/10
=7260
=Compound Interest=rs. 7260-rs.6000
=rs.1260
So the compound interest on rs. 6000 at 10% per annum for 2 years will be rs. 1260 (Ans.)
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