what will be the compound interest on a sum of rs 6000 for 2 yrs at the rate of 12%
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Hi.
Here is your answer---
___________________
Given---
Principal(P) = Rs. 6000
Time(T) = 2 years.
Rate(R%) = 12%
Using the Formula,
I = (P × R × T)/100
= (6000 × 2 × 12)/100
= 144000/100
= 1440.
Thus, Compound Interest will be 1,440.
_____________________
Hope it helps.
Have a nice day.
Here is your answer---
___________________
Given---
Principal(P) = Rs. 6000
Time(T) = 2 years.
Rate(R%) = 12%
Using the Formula,
I = (P × R × T)/100
= (6000 × 2 × 12)/100
= 144000/100
= 1440.
Thus, Compound Interest will be 1,440.
_____________________
Hope it helps.
Have a nice day.
7381500620:
The question is correct....
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