The compound Interest on Rs 12600 at the rate of 10% Compounded
annually
is
Answers
Answered by
1
Answer:
Step-by-step explanation:
The compound Interest on Rs 12600 at the rate of 10% Compounded
aannualy for 1year is:
Solution: CI = p(1+r/100)^n
P=12600
N=1year
Rate=10%p.a compounded annually
=12600(1+10/100)^1
=12600(1+1/10)^1
=12600×11/10
=1260×11=13860ans.
Similar questions