Question

Find the compound interest on rupees 12600 for 2 years 4 months at 10% per annum compounded yearly plz answer fast...

Answer 1

Answer:

15246 is the principal of the amount Rs. 12600, therefore the Compound Interest is Rs. 15246 – 12600 = Rs. 2646.

Step-by-step explanation:

Answer 2

Correct Question:

Find the compound interest on rupees 12600 for 2 years 4 months at 10% per annum compounded yearly

Solution :

Formula : A = P(1 + r)n

A is the total amount

P is the principal which means the amount which is invested.

R is the rate of interest.

N is known as the time the years of the investment.

A = 12600(1 + 0.1)²

A = Rs 15246

So,

Interest = 15246 - 12600 = Rs 2646

Thanks!