Question

The compound interest of ₹ 6000 at 10% of per annum for 2 years​

Answer 1

SOLUTION :

Given,
Principal/P. = Rs. 6000
Rate/R. = 10%
Time/T. = 2 years
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• A = P(1+R/100) to the power n
=> A = 6000(1+10/100) to the power 2
=> A = 6000(110/100) to the power 2
=> A = 6000*110/100*110/100
=> A = Rs. 7260
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C.I. = A - P
C.I. = Rs. ( 7260 - 6000 )
C.I. = Rs. 1260 ( ANSWER )
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Hope it would help you ;
Have a nice day buddy !
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