Question

find the amount of the compound interest on rupees 10000 for 2 years at 6% per annum

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Answer 1

Step-by-step explanation:

given :

find the amount of the compound interest on rupees 10000 for 2 years at 6% per annum

to find :

find the amount of the compound interest on rupees

solution :

• Here P₁ = Rs.10000 and r = = 6%

• So, Amount after 1 year

• = ""P"(1 + "r"/100) =

• = `10000(1 + 6/100)`

• = `10000 xx (106)/(100)` = 10600 Thus, P2 = Rs.10600 and r = = 6%

• So, Amount after 2 year = ""P"(1 + "r"/100)

• = 10600(1 + 6/100)`

• = '10600 xx (106)/(100)` = 11236

• Thus, principle for the next 6 months =

• Rs.11236

• Interest for the next 6 months

• = `(11236 xx 6 xx 6)/(100 xx 12)

• = 337.08

• View in app X

• Therefore, amount after 1`(1)/(2)` years

• = Rs.11236 + Rs.337.08

• - Pc 11572.08

• So, Amount after 2 year

• = "P"(1 + "r"/100)`

• = '10600(1 + 6/100)`

• = `10600 xx (106)/(100) = 11236

• Thus, principle for the next 6 months

• Rs.11236

• Interest for the next 6 months

• = `(11236 xx 6 xx 6)/(100 xx 12)

• = 337.08
• Therefore, amount after 1 (1)/(2)` years

• = Rs.11236 + Rs.337.08

• = Rs.11573.08

• And Cl

• = A - P

• = Rs.11573.08 - Rs.10000