calculate the compound intrest on Rs 15000 for 2years at 6% per anum
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Answered by
1
Answer:
so using frm ula p*t*r/100
15000*2*6/100
Answered by
1
Answer:
Step-by-step explanation:
Principal (P) = Rs. 15000
Rate (R) = 6% p.a
Period (n) = 5 years
Interest for the first year = PRT/100
= (15000 × 6 × 1)/100 = Rs. 900
∴ Amount for the first year = Rs. 15000 + 900
= Rs. 15900
Principal for the second year = Rs. 15900
Interest for the second year = (15900 × 6 × 1)/100
= 159 x 6 = Rs. 954
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