Question

Find the compound interest on Rs 12000 at 20% per annum for 2 1/4
years

Answer 1

Answer:

Step-by-step explanation:

principal= 12000

rate = 20 % p.a

time = 5years 3 months = $\frac{21}{4\\}$ years

first we need to find amount

A = $\frac{12000 * 20 * 21}{100 * 4}$

A = 30 * 20 * 21

A = 12600

compound intrest = (amount - principal)

                              = 12600 - 12000

                              =   600

Compound Intrest = 600

 

* this symbol means multiply