Question

calculate the compound interest on 6000 at 10% per annum for two years

Answer 1

answer of this question is 1210

Answer 2

1st year,
6000*10*1/100
= 600;
2nd year;
P = 600+6000;
= 6600;
now,I = 6600*10*1/100;
=660;
then amount = 660+6600=7260;
so,
compound interest is,
amount - principal,
i.e.7260-6000;
= RS 1260