Calculate the amount on ₹ 15,000 in 2 years and at 12 % compounded annually

₹ 18,168

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₹ 18,800

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₹ 18,816

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₹ 18,018

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Solution

The correct option is C
₹ 18,816

Given n= 2 years ; P = ₹ 15,000 R = 12 %

Amount for 2 years is given by the formula

A = $P {[1 + \frac{R}{100}]}^{n}$

A = $15000 {[1 + \frac{12}{100}]}^{2}$

A = $15000 {[\frac{112}{100}]}^{2}$

A = ₹ 18,816

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Calculate the amount on ₹ 15,000 in 2 years and at 12 % compounded annually

The correct option is C ₹ 18,816 Given n= 2 years ; P = ₹ 15,000 R = 12 % Amount for 2 years is given by the formula A = P[1+R100]n A = 15000[1+12100]2 A = 15000[112100]2 A = ₹ 18,816

The correct option is C
₹ 18,816

Given n= 2 years ; P = ₹ 15,000 R = 12 %

Amount for 2 years is given by the formula

A = $P {[1 + \frac{R}{100}]}^{n}$

A = $15000 {[1 + \frac{12}{100}]}^{2}$

A = $15000 {[\frac{112}{100}]}^{2}$

A = ₹ 18,816