Question

find the compound interest which keshav will get on Rs.12,600, if he deposits it in the banks for 2 years at 10% per annum, interest being compounded annually.

Answer 1

Use the interest formula I = prt
Where
p=principle
r=rate
t=time
I=interest

I = (12,600)(10%)(2)
I = 12,600 * 20% or .20
I = 2,520

Then add
12,600 + 2,520 = 15,120

Hope it helps