what is compounded interest on 7000 at 12% per annum compounded annually for 2 year
Answers
Answered by
1
Answer:
7000 × (12/100)×2 = 1680
here is ur answer
Answered by
1
Answer:
17,20,96,680
Given P=7000
R=12%; T=2
A=P(1+r/100)^t
=7000(1+12/100)
=7000(1+3/25)+
=7000(25+3/25)*
=7000×(28/25)4
=280×614656
A=Rs. 17,21,03,680
C.I=A-P
=17,21,03,680-7000
=Rs.17,20,96,680 is the answer.
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