Find compound interest on 12600 for 2 years at 10% per annum
compounded annually.
Answers
Answered by
1
Step-by-step explanation:
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Answered by
1
Answer:
2,646
Step-by-step explanation:
(P) = 12600 Time = 2 Years Rate (R) = 10% per ... A = Amount after n years A = 12600 ("1 + " 10/100)^2 = 12600 ("1 + " 1/10)^2. ... Example 11 Find CI on Rs 12600 for 2 years at 10% per annum compounded annually. ... 2646 = Interest Interest = 2646 ∴ Compound Interest = Rs 2,646.
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