Question

What sum will amount to Rs.3600 in 2 years at 10% per annum compound interest?

Answer 1

SI= pnr/ 100

For the first year,
= 3600×10×1/100
= ₹360

For the second year,
p=360
= 360×10×1/100
= ₹36
Hence the amount is = 360+36
= ₹396
Hope it is correct....