Question

Find compound interest on Rs 12,600 for two years at 10 % per annum,

Compound annually.​

Answer 1

Answer:

Rs.2646

Step-by-step explanation:

Principal (P) = Rs.12600

Rate (R) = 10%

Time (n) = 2 years

Amount (A) = P (1 + R/100)ⁿ

=> A = 12600 (1 + 10/100)²

=> A = 12600 (11/10) (11/10)

=> A = Rs.15246

CI = A-P = Rs.(15246-12600) = Rs.2646