Question

Find the compound interest on 10500 at 8% per annum for 2 years

Answer 1

Answer:

Step-by-step explanation:

A = P(1 + R/100)^n

   = 10500 ( 1 + 8/100)^2

   =10500* 27/25 * 27/25

   =12247.2

Compound Interest = A - P

                                 = 12247.2 - 10500

                                 = 1747.2 Rs.

Answer 2

Compound interest = p (1+r/100)^time
thus
10500 (1+8/100)^2
then
10500×108/100×108/100
which gives..
rs.12247.2 as amount

Compound interest is Amount - principal
12247.2-10800=1747.2..

thus the answer is rs.1747.2