Question

Find the compound interest [c. I] For RS. 20,000/-
at The Rate of 6% For 2 years​

Answer 1

$\color{orange}{ \bold{ \underbrace{ \bf{ \red{ \huge{ \mathbb{given}}}}}}}$

$Principal = 20000 \\ Rate = 6</p><p> \\ Time = 2 years$

${ \huge{ \blue{ \underline{ \underline{ \bf{ \red{ \mathtt{solution}}}}}}}}$

$ci = \frac{principal \times rate \times 1}{100}$

$ci = \frac{20000 \times 6 \times 1}{100}$

$ci = 200 \times 6$

$ci = 1200$

CI For 1st year = Rs 1200

Amount for 1st year

= (20,000 + 1,200)

= Rs 21,200

$ci = \frac{21200 \times 6 \times 1}{100}$

$ci = 212 \times 6$

$ci = 1,272$

Total Compound Interest = Rs 1,270

Hope it helps.........

$\huge \boxed{ \mathbb{ \fcolorbox{orange}{red}{thanks}}}$