CBSE Class 12-science Answered
The compound interest accrued on an amount of 9600 at the end of 6 years is Rs.12000 what would be the total amount of compound interest for the same sum at the same rate for 12 years?
Asked by riyaswetha99 | 13 Sep, 2021, 09:58: PM
Expert Answer
Total Amount A in Compound interest is given as ,
where P is principal amount , r is annual rate of interest and n is number of years
Interest I accured in n years is given as
Hence if principal amount P = Rs. 9600 and Interest I = Rs. 12000 , Then we have
Hence we get
Hence Interest accured in 12 years
Answered by Thiyagarajan K | 16 Sep, 2021, 10:08: PM
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