Math, asked by queen1043, 4 months ago

rahul invested ₹7000 in shares for 2 years at the rate of 12% per annum compounded annually. what is the compound interest that rahul gets after 2 years?​

Answers

Answered by devindersaroha43
3

Answer:

Step-by-step explanation:

Compound interest = 1780.8 Rupees

Step-by-step explanation:

The amount invested by Rahul (P) = Rs 7000

He invested for 2 years.

So, Time (n) = 2 years

Rate is given as 12% per annum.

so, r = 12%

Since, we know the formula to find out the compound interest as;

Now, we put the value in above formula, we get.

              A = Rs 8780.8

After 2 years, Rahul will get this total amount. But, he invested Rs 7000.

Therefore, to find out the compound interest, we subtract the amount invested.

Hence, the compound interest = 8780.8 - 7000 = 1780.8 Rupees

Thus, after 2 years, the compound interest  is 1780.80.

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