Question

Calculate the compound interest on 6000 at 10% per annum for two year



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Answer 1

ANSWER: 1260

Step-by-step explanation:

first find the amount

Amount= P(1+R/100) T

= 6000( 1+10/100)2

= 6000× 11/10×11/10

=60× 11×11

=7260

compound interest= Amount - principal

= 7260- 6000

= 1260 ans.

Answer 2

Sorry I am poor at maths