Question

find the CI payable on rs. 12000 at 6% pa at the end of two years compounded annually

plz help me urgent​

Answer 1

Answer:

hope it helps you

Step-by-step explanation:

rs 1356

Answer 2

Amount after 3 years = $P(1+ \frac{r}{100})^3$

$= 12000×(1+\frac{5}{100} )^3$

= Rs. 13891.50

C.I. = Amount − Principal

C.I. =13891.50−12000

= Rs. 1891.50

Thus, compound interest is Rs. 1891.50