Question

find the compound interest on Rs.12600 for 2years at 10% per annum compounded annually

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Answer 1

Answer:

refer to the attachment

Step-by-step explanation:

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Answer 2

Given

Principal = 12600

Rate = 10%p.a.

Time = 2 yrs

$c.i. = p((1 + \frac{r}{100} ) {}^{n} - 1)$

$\: \: = 12600((1 + \frac{10}{100} ) {}^{2} - 1)$

$\: \: = 12600 \times (\frac{11}{10 } {}^{2} - 1)$

$\: = 12600 \times \frac{121}{100} - 12600$

$\: \ = 126 \times 121 - 12600$

$\: \: = 15246 - 12600$

$\: \: = 2646$