Question

find compound interest on rs 12600 for 2 years at 10 percent per annum compounded annually

Answer 1

Check the above image..

Answer 2

AMOUNT= P { 1 + r% ]ⁿ

⇒ A = 12600 [ 1 + 10/100]²

⇒ A = 12600 x 11/10  x 11/10

∴ A = 15246

∴ C.I =15246 - 12600= 2646

ok

Thanks.