Question

Find the amount and compound interest in rs.12,000in 2 years at 8%pa

Answer 1

Answer:

The compound interest on Rs. 12000 for 9 months at 20% per annum, interest being compounded quarterly, is?

Principal is Rs. 12,000/=

Rate of Interest is 20% per annum,it works to 5% per quarter (Compounded qrtly)

Here after you can do it in 2 ways i. calculate interest for the 3 qrs and add up

ii. Use the formula P x (1 + r/100) ^ n

for 1st qr. interest = 120 x 5 = 600; (new P = 12600)for second qr it is 126 x 5 = 630

(New P is 13,230)For 3rd qr it is 132.3 x 5 = 661.5

Total compound interest is = 600 + 630 + 661.5 =Rs. 1,891.50

As an exercise you can cross check with the formula

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Step-by-step explanation:

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Answer 2

Answer:

Given:

• P = 12000
• T = 2 years
• R = 8% p.a.

To Find :-

• C.I. = ?

Solution;-

• Refer the attachment:)

—FairyPie♡

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