Question

calcute the compound interest on 1875 at 4%p.a. for 2 years​

Answer 1

Answer:

Step-by-step explanation:

Compound Interest Questions & Answers for Bank Exams : Calculate the ... Calculate the amount on Rs. 1875 for 2 year at 4% per annum, compounded yearly. ... simple interest amounts to Rs. 2,000 in two years at the rate of 10% p.a. What ...

Answer 2

ANSWER

Principal for the first year = Rs 1875

Rate of interest = 4% p.a.

Interest for the first year = Rs (1875 × 4 × 1) / 100

= 75

Amount at the end of first year = Rs 1875 + Rs 75

= Rs 1950

Principal for the second year = Rs 1950

Interest for the second year = Rs (1950 × 4 × 1) / 100

= 78

Amount at the end of second year = Rs 1950 + Rs 78

= Rs 2028

Hence,

Compound interest paid by Salma = Final amount – (original) Principal

= Rs 2028 – Rs 1875

= Rs 153