Question

find the CI on rupee 12600 for 2 years and 4months at 10 % annum ,compound annually its ans is 3154 .20 rupee pls give me the process
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Answer 1

Answer:

The compound interest of the principal of Rs.12600 that at a rate of 10% is Rs. 2646.

Step-by-step explanation:

Solution:

Given:

The compound interest of the principal of Rs.12600 that at a rate of 10% is Rs. 2646.

Solution:

Given:

The amount which is used for compound interest is Rs.12600

Time taken for the compound interest is 2 years

The rate (R) at which the amount is

compounded annually is 10% Hence to find the compound interest we use the formula

P = A (R+ 2 12600 (1000) ² 1 100 = 2 ;) ² = 12600 (10 + 1)² 100 Rs.15246

Rs.15246 is the principal of the amount Rs. 12600, therefore the Compound Interest is Rs. 15246 - 12600 = Rs. 2646.