Question

Find the compounds interest on rupees 90 6 per annum 2 years

Answer 1

Answer:

The answer is 11.124.

Step-by-step explanation:

I think the answer is 11.124

Here, it is given

P = Rs. 90

R = 6%

T = 2 years

(1) st year

I = P × R × T

100

=

$90 \times 6 \times 1 \div 100$

=

$\frac{27}{5}$

=

$5.4$

A = P+I

= 90+5.4

= 95.4

(2)nd year

I =

$p \times r \times t \div 100$

=

$95.4 \: \times 6 \times 1 \div 100$

=

$5.724$

A = P+I

= 95.4 + 5.724

= 101.124

CI = A - P

=

$101.124 - 90$

=

$11.124$

The answer is 11.124