Find the compound interest on Rs12000 for 10 years at at the rate of 12% per annum compounded annually.
Answers
Answered by
0
Step-by-step explanation:
CI = P×(1+R/NOCPPY)^t× NOCPPY -P
= 12000×(1+0.12)¹⁰-12000
= 12000×(1.12¹⁰-1)
= 9146.6
NOCPPY= NUMBER OF COMPOUNDING PER YEAR
Similar questions