Question

find compound intereston ₹12600 for 2 years at 10%per annum compouned annually.​

Answer 1

Answer:

Rs.2646

Explanation:

Principal (P) = Rs.12600

Rate (R) = 10% per annum

Time (T) = 2 years

Amount (A) = $P(1+R/100)^T$

=> A = $12600(1+10/100)^2$

=> A = $12600(11/10)^2$

=> A = 126 * 11 * 11

=> A = Rs.15246

Hence, compound interest = Rs.(15246-12600) = Rs.2646