Find the amount and compound interest on ₹ 1200 for 2yrs at 6% p.a ?
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Find the amount and compound interest on ₹ 1200 for 2yrs at 6% p.a ?
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Answer:
Amount- 1348.32
C I- 148.32
Step-by-step explanation:
Amount = Principle(1+R/100)^n
where n is time
Amount = 1200(1+6/100)^2
= 1200(106/100)^2
Amount = 1348.32