Question

Find cimpound intrest on rs 10000 rate 12 and time 2 tears

Answer 1

Hey friend,

Here is the solution :-

Here, P = 10000, R = 12%, T = 2 years

$c.i. = amount \: - \: principal \\ \\ amount = p \: (1 + \frac{r}{100} )^{t} \\ \\ = > 10000 \: (1 + \frac{12}{100} )^{2} \\ \\ = > 10000 \: (1 + \frac{3}{25} )^{2} \\ \\ = > 10000 \: ( \frac{28}{25} )^{2} \\ \\ => 10000 \times \frac{28}{25} \times \frac{28}{25} = 12544 \\ \\ now \: we \: have \: amount \: = 12544 \\ \\ now \: c.i. \: = amount \: - \: principal \\ \\ => 12544 - 10000 = 2544$

Here we get the C. I. as ₹ 2544.00

✨I hope this will help you....✨