Math, asked by lalarajpoot8853, 3 days ago

Find the compound interest amd amount if 12000 is saved at 12% per annum for 2 years?

Answers

Answered by rumaorigin15

2

Answer:

Amount A=P(1+r)t

Here, P=12000,r= 5/100=0.05,t=2

∴A=12000(1+0.05)²

=12000(1.05)²

=12000(1.1025)

=13230

Compound interest=13230−12000=1230

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