Question

find CI on ₹12600 for 2years at 10% per annum compunded annually ​

Answer 1

Answer:

first year interest 12600×10/100= 1260

second year interst calculated on 12600+1260=13860

13860×10/100=1386

total interest 1260+1386=2646

Answer 2

Answer:

₹2646

Step-by-step explanation:

Given

P = ₹12600

R = 10% p.a.

T = 2 years

therefore Amount = P ( 1 + R /100)^n

= 12600 ( 1 + 10/100)^2

= 12600 × 110/100 × 110/100

= ₹15246

So, therefore C.I = Amount - Principal

= ₹15246 - ₹12600

= ₹2646

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