Question

find the amount of ₹ 10,000 for 2 years at 15% per annum compound intrest
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Answer 1

Step-by-step explanation:

Solution :

Amount to be paid=principal amount+Simple interest

Simple interest=P×R×T100 where P is the principal amount ,T is time and R is the rate of the interest.

Simple interest=10,000×15×2100=3000

Amount to be paid=10,000+3000=Rs.13000

Answer 2

Answer:

3,000

Step-by-step explanation:

Principal =10,000

Time =2 years

Rate=15%

=P*t*r/100

=10,000*2*15/100

=3,00,000/100

=3000