Question

find compound interest on 12600 for 2 years at 10% per annum annually

Answer 1

Principal Amount =P= 12600

No.of periods= n = 2 years

Rate of interest Per Annum= i = 10%

Compound interest = P((1+i)^n-1)

= 12600((1+10/100)^2-1)

=12600((1 +0.1)^2-1)

=12600(1.1)^2- 1)

=12600(1.21 -1)

=12600(0.21)


=2646

Answer 2

$\huge\bf{Answer:-}$

Refer the attachment.