Question

s. Calculate Compound Interest and the amount
for an investment of Rs 20000 a 12% per annum
for 2 years​

Answer 1

Answer:

Divide the annual interest amount by 12 to calculate the amount of your per annum interest payment that is due each month. If you owe $600 for the year, you make monthly payments of $50. Another way to make the same calculation is to divide the annual interest rate by 12 to calculate the monthly rate.