Find the compound interest on 12600 for 2 years at 10% annum
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Answer:
Given the the principal amount = ₹12600(p)
Time = 2years(n)
Rate of interest= 10%(r)
Compound Interest = p(1+r/100)^n
= 12600(1+10/100)^2
=12600(11/10)^2
= 12600×121/100
= 15,246
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