Question

1. Fill in the blanks :
(i) The compound interest on Rs. 500 at 5% per annum for 1 year =
In case of compound interest, the principal for the second year =
2. TRUE FALSE
If the interest is payable then in the formula A=P(10+r/100)n, we take 2r for r.
O.
120/​

Answer 1

It's true............