Question

Find compound interest on 12600 for 2 years at 10% per annum
compounded annually?​

Answer 1

Secondary SchoolMath 13+7 pts

Find compound interest on rupees 12600 for 2 years at 10% per annum compounded annually ?

Report by Fulchand3962 16.09.2017

Answers

Ayush9829

Ayush9829 Expert

P=A(r+1/100)^2

=12600(10+1/100)^2

=12600*110/100*10/100

=15246

CI =P-A

=15246-12600

=rs2646

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Phillipinestest Ambitious

The compound interest of the principal of Rs.12600 that at a rate of 10% is Rs. 2646.

Solution:

Given:

The amount which is used for compound interest is Rs.12600

Time taken for the compound interest is 2 years

The rate (R) at which the amount is compounded annually is 10%

Hence to find the compound interest we use the formula

BELOW IMAGE ATTACHED

Rs.15246 is the principal of the amount Rs. 12600, therefore the Compound Interest is Rs. 15246 – 12600 = Rs. 2646.

Answer 2

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Refer the attachment.