Question

calculate the compound interest on Rs 1200 for 2 years at the rate of 5 percent p.a​

Answer 1

Answer:

Rs.1323

Step-by-step explanation:

C.I=P(1+r/100)^n

C.I=1200(1+5/100)^2 [by adding]

C.I=1200(105/100)^2

C.I=1200(21/20)^2

C.I=1200×21/20×21/20 [by dividing ]

C.I=3×21×21

C.I=1323 (answer)