find compound interest on Rs. 15000 fir 2 years at 10%p.a compounded annually
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Hence Compound Interest is = Rs. 3150.
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Answer :
➥ The compund Interest = 3150
Given :
➤ Principal (P) = Rs. 15000
➤ Rate (R) = 10 %
➤ Time (T) = 2 years
To Find :
➤ Compund Interest (C.I) = ?
Solution :
To find compund Interest first we need find amount then after we find compund Interest.
As we know that
Now ,
We find compund Interest.
As we know that
Hence, the compund Interest is 3150.
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