Math, asked by ayushshaky889900, 11 months ago

Compound Interest
Find the compound interest on Rs. 12,000 for 2 years @ 5% p.a.,
compounded annally,​

Answers

Answered by sssanjay1978
1

Step-by-step explanation:

COMPOUND INTEREST= 1230

Answered by Anonymous
2

The amount at the end of 'n' years of investing in compound interest.

A =   P(1 +  \frac{r}{100}  {)}^{n}

here,

 P = 12000

n = 3

r = 5\%

A =   12000(1 +  \frac{5}{100}  {)}^{3}

 = rs.13891.5

now, compound interest

CI = amount - principle \\  = 13891.5 - 12000 \\   \boxed{= rs.1891.5}

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