Calculate the compound interest for 2nd year if shweta rupees 12000 at – InterviewSolution

1.	Calculate the compound interest for 2nd year if shweta rupees 12000 at 10% per anum
Answer» P = 12,000 Rs and N = 2 YEARS. R = 10Step-by-step EXPLANATION:A = P(1+r/100)^n-> 12000(1+10/100)^2-> 12000(11/10)^2-> 12000×121/100-> 14,520 RsCompound INTEREST = A - P = 14520 - 12000 = 2520.Hence, the COMPOUND interest is Rs 2520.

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