calculate the compound interest for the second year on ruppee 15000 invested for 5 year at 6% per annum?
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Interest = (15000× 5 × 6) / 100
= 4500
then amount = 15000 + 4500
= 19500,
so C.I for Second year,
(19500* 5*6 ) /100
= 5850
Hope answer helps you
= 4500
then amount = 15000 + 4500
= 19500,
so C.I for Second year,
(19500* 5*6 ) /100
= 5850
Hope answer helps you
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