Question

Harish invests 12,500 for 2 years at 12% p.a, calculate the amount and the compound interest that Harish will get after 2 yrs.

correct answer will be marked as brainlist...​

Answer 1

Answer:

Amount = 15680

compound interest = 3180

Step-by-step explanation:

Note:

A = P ( 1 + r ) ^n

CI = A - P

where P = Principal = 12500

r = rate of interest in decimal = 12% = 12/100 = 0.12

n = no. of years = 2 years

CI = compound interest = ?

A = Amount = ?

Amount

A = P ( 1 + r ) ^ n

=> A = 12500 ( 1 + 0.12 ) ^ 2

=> A = 12500 ( 1.12 ) ^ 2

=> A = 12500 ( 1.2544 )

=> A = 15,680

Compound Interest

CI = A - P

=> CI = 15680 - 12500

=> CI = 3,180