Question

what is what is compound interest on rupees 7000 at 12% per annum compounded annually for 2 years​

Answer 1

Answer:

Rs. 17,20,96,680

Step-by-step explanation:

Given P=7000

R=12%; T=2

A=P(1+r/100)^t

=7000(1+12/100)⁴

=7000(1+3/25)⁴

=7000(25+3/25)⁴

=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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