Question

find the amount and the compound interest on principal Rs500 in 2 years rate 12 %​

Answer 1

Principal =Rs.500

Time =2 years

Rate of interest =12% per annum

A=

$p(1 + \frac{r}{100} {)}^{t}$

A=500×1.2544=Rs 627.2

Thus, Interest=A−CP=627.2−500=Rs.127.2