Question

Jaimie takes rs 10000 at 12%per yearas rate of interest for 2 year. how much he has pay at the end of two year? ​

Answer 1

in simple interest p equals to 10000 and r equal to 12% t equal to 2 years then i means interest is 2400 rupees then he has pay 12400 rupees at the end of 2 years . in compound interest p equal to 10000 rupees and requal to 12% t equal to 2 years then he has pay at the end of 2 years then he has pay at the end of two years equals to 12544