find CI on 12600 for 2 years at 12 per annum compounded annually
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Step-by-step explanation:
AMOUNT = P[1+R/100]™
= 12600 [ 1+12/100 ] time = 2 yrs.
= 12600 [ 1+3/25] time= 2 yrs.
=12600[ 28/25 ] and the time should be multiplied two times . so, it is like be that----
= 12600 ×28/25 ×28/25
the number 25 is divided by the no. 12600 so the remainder be 504 . 28×28 is equal to 784.
= 504 × 784 / 25
= 15805.44
CI = A-P
=15805.44 - 12600
= 3205.44 Ans
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