Question

Find compound interest on 1200rs. for two years at 5%per annum​

Answer 1

Answer:

123₹

Step-by-step explanation:

a= p(1+r/100)^t

a=1200(1+1/20)^2

a=1200×441/400

a=3×441

a=1323₹

hence ci =1323-1200=123₹

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Answer 2

Step-by-step explanation:

given that 1200rs rate=5%,time=1year[tex]a=p{1+\frac{r}{100})}^{t}\\=1200(1+\frac{5}{100})}^{2}