calculate the compound interest on rs.1000 for 2 years at 5% per annum?
Answers
Answered by
6
Answer:
The required amount
=Re.1000 (1+5/100) ^2
=Ra.1000 (1+1/20) ^2
=Rs.1000×21/20×21/20
=Rs.1102.50
Step-by-step explanation:
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