Question

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

Answer 1

Step-by-step explanation:

We have,

A=P(1+

100

R

)

n

Here, P=Rs.12600,R=10,n=2

Therefore,

A=12600(1+

100

10

)

2

=12600(

10

11

)

2

=12600×

10

11

×

10

11

=Rs.15246

CI=A−P=Rs.15246−Rs.12600=Rs.2646

Answer 2

Answer:

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