Calculate the compound interest on 12,000 for 2 years at 6% per annum. – InterviewSolution

1.

Calculate the compound interest on 12,000 for 2 years at 6% per annum. Find thedifference between the CI and SI.

Answer»

<P>ANSWER:

SI= p. R. t/100

= 12,000×6×2/100

=1440

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