find the amount anf compound interest on rs4000 at 12%. per annum For two years compound annually
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Answer:
Amount = ₹5017.6
Interest = ₹1017.6
Step-by-step explanation:
Amount = P[1 + r/100]ⁿ
= 4000[ 1+12/100]²
= 4000 × 112 × 112 /10000
=4×112×112/10
= ₹5017.6
Interest = Amount - Principal
= 5017.6 - 4000 = ₹1017.6
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