Question

Find the rate of interest compounded annually if the compound interest on Rs 10000 is Rs

1236 after 2 years


please answer this question and help me​

Answer 1

Rs 260000

Explanation:

P=Rs. 10000

T=12mon =1 year

R=10% p.a.

Compounded half yearly

n=2

∴A=P[1+R/n] nT

=10000[1+10/2 ]power 2×1

=10000[ 12/2]power 2

=10000×6×6

A=360000

C.I=A−P

=Rs. (360000−10000)

=Rs. 260000.