Question

Calculate CI on ₹50000 for 2 years at 6% per annum, without formula

Answer 1

Answer:

hence CI is 3180

Step-by-step explanation:

interest on first

year=50000*6*1/100=3000

amount=50000+3000=53000

now, interest on second year=53000*6*1/100=3180

hence CI is 3180

Hope it helps :)