find the compund interest on rs 1200 for 2 yrs at 5per per annum
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Answered by
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Step-by-step explanation:
A=P(1+R/100)^T
A=1200(1+5/100)^2
A=1200(21/20)^2
A=1200×441/400
A=₹1323
Answered by
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Step-by-step explanation:
A=P(1+R/100). (raised to) N
A=1200 (1+5/100) 2
A=1200(1+1/20)
(by cross multiplication)
A=1200(20+1/20)
A=1200(21/20)
A=1200×21/20×21/20
(by division method)
A=1323₹
Let, compound interest = amount - principle
Compound interest = 1323 - 1200
Compound interest = 323
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