Question

Find compound interest on the for principal=10000 rate=12% number of years=2


P=10000
R=12%
T=2years
Formula=PxRxT/100
10000x12x1
___________=1200
100
10000+1200

11200x12x1/100=1344

Ans=2544

Answer 1

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Answer 2

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$<u><b>Simple Interest :-</u></b>$

Principle = ₹10000

Rate of interest = 12%

Number of years(time)= 2years

Simple Interest = ${P×R×T}{100}$

= ${10000×12×2}{100}$

= ₹12,00,000