Question

calculated the compound interest on 12000 for 2 year at 10%pa compound annually​

Answer 1

Answer:

14520 is compound interest

Answer 2

Answer:

$\times principle = 12000 \\ rate = 10 \\ time = 10 \\ a = \binom{100 + r}{100} squre \: n \\ a = 12000 \binom{100 + 10}{100| } squre \\ \\ 12000 \times \frac{110}{100} \times \frac{110}{100} \\ \\ 120 \times 11 \times 11 = 14520 \\ amount = 14520 \\ \\ compound \: interest = a - b \\ 14520 - 12000 \\ compound \: interest = 2520$