Question

Kapil invest rupees 12000 for 3 years at 10% per annum compound interest in bank of Karnataka calculate the amount at the end of second year.​

Answer 1

Answer:

Step-by-step explanation:

We know that the amount A at the end of n years at the rate of R % per annum when the interest is compounded annually is given by A=P(1+100R​)n.