Question

Find the compound interest on RS 12600 for 2 years at 10% per annum compounded

annually


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Answer 1

Answer:

=rs2646

Step-by-step explanation:

P=A(r+1/100)^2

=12600(10+1/100)^2

=12600*110/100*10/100

=15246

CI =P-A

=15246-12600

=rs2646

Answer 2

Step-by-step explanation:

$we \: have$

$a = p(1 + \frac{r}{100})^{n}$

HERE,

P= RS.12600

R=10%

n=2

Therefore,

$= > 12600( \frac{11}{10} )^{2}$

$a = > 12600(1 + \frac{10}{100} )^{2}$

$12600 \times \frac{11}{10} \times \frac{11}{10}$

$= rs.15246$

CI= Amount- Principal

=rs 15246 - rs 12600

= rs 2646

hope it's helpful