Question

using the formula, calculate the amount and compound interest annually P=Rs .500,R=12% per annum,n = 2 year​

Answer 1

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Using the formula , calculate the amount and the compound interest in each of the following :-

P=500,R=12%per annum, n=2 years

$\small\green {Solution:}$

Given P=500,R=12% and n=2.

Now total amount when the principle compounded after 2 years will be

$500 \times (1 + \frac{12}{100}) { }^{2} = 627.2 \: rs$

So the amount will be 627.2 and compound interest will be 627.2−500=127.2Rs.

Answer 2

Answer:

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