Question

calculate the compound interest on rs15000 for 2 years at 6% p.a​

Answer 1

answer= ₹954 and also follow me in MX taka tak my I'd is anjalisingh7614

Step-by-step explanation:

Principal (P) = Rs. 15000

Rate (R) = 6% p.a

Period (n) = 5 years

Interest for the first year = PRT/100

= (15000 × 6 × 1)/100 = Rs. 900

∴ Amount for the first year = Rs. 15000 + 900

= Rs. 15900

Principal for the second year = Rs. 15900

Interest for the second year = (15900 × 6 × 1)/100

= 159 x 6 = Rs. 954