calculate the compound interest on rupees 18000 in 2 years at 15% per NM
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Answer:
Sum=Rs. 18000.
Time =2 years.
Rate of intereast=15%
⇒Rs. 23805. ∴ Compound Interest =A−P. =Rs. 23805−Rs. 18000=Rs. 5805.
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Sum=Rs. 18000.
Time =2 years.
Rate of intereast=15%
⇒Rs. 23805. ∴ Compound Interest =A−P. =Rs. 23805−Rs. 18000=Rs. 5805.
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