Question

Find the compound interest on 12,600 for 2 years 4 months at 10% per annum, compounded yearly.

tell with steps please don't spawn​

Answer 1

Answer:

We have,

A=P(1+ 100/R ) n

Here, P=Rs.12600,R=10,n=2

Therefore,

A=12600(1+ 10/100) ²

=12600( 11/10)²

=12600× 11/10 × 11/10

=Rs.15246

CI=A−P=Rs.15246−Rs.12600=Rs.2646

Answer 2

....Hope it's help you....