A man investes ₹ 35,000 at 5% per annum compound interest for 3 years Calculate the interest for 1st year
Answers
Answered by
0
Step-by-step explanation:
A sum of Rs 10,000 is borrowed at a rate of interest 15% per annum for 2 years. Find the simple interest on this sum and the amount to be paid at the end of 2 years.
Solution :
On Rs 100, interest charged for 1 year is Rs 15.
So
Answered by
1
Answer:
₹1750
Step-by-step explanation:
CI for first year = 35000*1*5/100
= 350*5
= ₹1750
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