Saved Bookmarks
| 1. |
Find compound interest on 12600 for 2 years at 10% per annumcompounded annually. |
|
Answer» ong>Step-by-step EXPLANATION: We have, A=P(1+ 100 R
)
Here, P=Rs.12600,R=10,n=2 Therefore, A=12600(1+ 100 10
) 2 =12600( 10 11
) 2
=12600× 10 11
× 10 11
=Rs.15246 CI=A−P=Rs.15246−Rs.12600=Rs.2646 |
|