If principal = Rs. 1200, rate = 10% compounded annually and time=2 years, then the amount is
Answers
Answered by
1
Answer:
simple interest= simple×rate×time/100
si=1200x10x2/100
=240
amount=simple interest+principle
=240+1200
=1440, is your answer
Answered by
1
Answer:
1452
Explanation:
compound annually =p(1+r/100)ⁿ
=1200(1+10/100)²
=1200(110+100)²
=1200(11/10)²
=1200*11/10*11/10
=12*121
=1452
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