Question

find compound interest is earned by investing ₹12600 for 2 years at 10% per annum compounded annually​

Answer 1

Answer:

15,24,600

Step-by-step explanation:

Given:

Principle = Rs. 12600

Time = 2 years

Rate of interest = 10%

$compound \: interest \: = P(1 + \frac{r}{n} ) {}^{nt} \\ \\ = 12600(1 + \frac{10}{1} ) {}^{(1)(2)} \\ \\ = 12600(1 + 10) {}^{2} \\ \\ = 12600( {11}^{2} ) \\ \\ = 12600 \times 11 \times 11 \\ \\ = 15,24,600$