daljeet,an unemployed youth,received 4000as a loan at a loan mela organised by the state bank of india. if the nominal interest is 5/2 per annum,calculate the compound interest that daljeet pays after two years
Answers
Answered by
3
Answer:
A =P (I +r/i00)n
= 4000 (I +2.5/1oo) 2
4000x!.025xi.o25=4202.50
Cl.=4202.50-4ooo = Rs202.50
Similar questions