1. Calculate the compound interest on 6000 at 10% per annum for two ye

1.	1. Calculate the compound interest on 6000 at 10% per annum for two years.
Answer» ★Given:- Principal = ₹6000 Rate = 10% PER annum Time = 2 years ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ★To Find:- COMPOUND Interest ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ★FORMULA Used:- ▪︎ $\tt{<klux>AMOUNT</klux> = Principal× {(1+ \frac{Rate}{100})}^{time}}$ $\tt{▪︎Compound\ Interest = Amount- Principal}$ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ★Solution:- ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ➥ Finding Amount $\tt{Amount = Principal×{(1+ \frac{Rate}{100})}^{time}}$ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ Putting given values in formula:- $\tt{Amount = 6000 × {(1+ \frac{1\not0}{10\not{0}})}^{2}}$ $\tt{= 6000 × {(1 + \frac{1}{10})}^{2}}$ $\tt{= 6000 × {(1+0.1)}^{2}}$ $\tt{= 6000 × {1.1}^{2}}$ $\tt{=6000 × 1.21}$ $\tt{= ₹7260}$ $\boxed{\bf{\purple{\therefore Amount = ₹7260}}}$ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ➥ Finding Compound Interest ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ $\tt{Compound\ Interest = Amount- Principal}$ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ Putting given VALUE in formula:- $\tt{Compound\ Interest = 7260 - 6000}$ $\tt{Compound\ Interest = ₹1260}$ $\boxed{\bf{\purple{\therefore Compound\ Interest= ₹1260}}}$ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ★Answer:- ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ Compound Interest on the principal 600 at the rate of 10% in 2 years is ₹1260. ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀