Calculate the compound interest on ₹ 18,000 at 10% per annum in two years.

For the first year: P = ₹ 18,000, R = 10 %, T = 1 year Amount at the end of first year = P + I = ₹ 18,000 + 1,800 = ₹ 19,800 For the second year: P = ₹ 19,800, R = 10 %, T = 1 year Amount at the end of second year = P + I = ₹ 19,800 + 1,980 = ₹ 21,780 Compound Interest = Final amount - Initial Principal = ₹ 21,780 - ₹ 18,000 = ₹ 3,780 Hence, the compound interest at the end of second year = ₹ 3,780.

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Manoj invests ₹ 12,000 for 3 years at 10% per annum. Calculate the amount and the compound interest that Manoj will get at the end of 3 years.

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A sum of ₹ 1,536; put at compound interest, amounts to ₹ 1,632 in one year. How much would it amount to in the second year ?

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Mathematics

Calculate the compound interest on ₹ 18,000 at 10% per annum in two years.

Compound Interest

Related Questions

Manoj invests ₹ 12,000 for 3 years at 10% per annum. Calculate the amount and the compound interest that Manoj will get at the end of 3 years.

A sum of ₹ 1,536; put at compound interest, amounts to ₹ 1,632 in one year. How much would it amount to in the second year ?