Question

Find the compound interest of RS. 12000 for 2 years at 10% per annum compounded annually.​

Answer 1

•●○ ANSWER ○●•

GIVEN :-

P = 12,000 Rs., 

n=2 years, 

R=10

TO FIND :-

Compound Interest.

SOLUTION :-

Amount(A) = P(1+R/100)ⁿ

                     =12000(1+10/100)²

                     =12000(11/10)²

                     =12000 × 121/100

                     =14,520 Rs.

Compound interest(C.I) =A−P

= 14,520 − 12,000

= 2520

Hence, the compound interest is Rs. 2,520

Answer 2

Answer:

2520

Step-by-step explanation:

1st year intrest

p=12000

r=10%

t=1

I=P×T×R/100

=12000×1×10/100

=1200

2nd year intrest

P=12000+1200=13200

T=1

R=10%

I=P×T×R/100

=13200×1×10/100

=1320

Total compound interest =1200+1320=2520