Question

Petre borrow 12000 for 2 years at 10 pa compound

Answer 1

Principal- Rs12000
Rate- 10%
Time- 2 years
A = P(1+R/100)^T
= 12000(1+10/100)^2
= 12000×110/100×110/100
= 120×11×11
= 120×121
Amount= Rs14520
CI= (14520-12000)rs
= 3520 rs