calculate the compound interest for the second year on rupees 15000 invested for 5years at 6% per annum
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Rate of interest =6%
principal for the first year=15000
interest for the first year=15000×6×1÷100=900
amount at the end of first year=900+15000=15900
principal for the second year=15900
interest for second year=15900×6×1÷100=954 answer
Hope This Helps :)
principal for the first year=15000
interest for the first year=15000×6×1÷100=900
amount at the end of first year=900+15000=15900
principal for the second year=15900
interest for second year=15900×6×1÷100=954 answer
Hope This Helps :)
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