Question

Pls do this fast-
Find the amount on ₹12,000 for 2 years at 10% per annum
compounded annually

Answer 1

Amount compounded annually is 14,520 Rs

Answer 2

Answer:

Hey frnd, Here's your ans :

Given, P=12,000 Rs., n=2 years, R=10%pa

Amount(A)=P(1+100R)n

                     =12000(1+10010)2

                     =12000(1011)2

                     =10012000×121

                     = Rs. 14,520 

Hence, Amount = Rs. 14520

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Have a great day!