Question

Type 1: To Find the C.I.
Example 1.
Calculate the amount and the compound interest on * 12500 for 2 years at 12% per
annum, compounded annually.
Solution :
Given : P = * 12500, R = 12% p.a. and n = 2 years.
in​

Answer 1

Answer:

P =12500

R =12%

n =2 years

Amount =P(1+R/100)^n

=12500(1+12/100)^2

=12500×(112/100)^2

=12500×112/100×112/100

=15680

C.I. = (15680-12500)

=3180