Find compound interest on rs.7,500 at the rate of 4% per annum for 2 years,compounded annually?
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Answered by
2
Answer:
Amount = Rs [7500*(1+(4/100)2] = Rs (7500 * (26/25) * (26/25) ) = Rs. 8112.
therefore, C.I. = Rs. (8112 - 7500) = Rs. 612.
Step-by-step explanation:
Answered by
0
Answer:
7500 multiply 4 percentage = 300
300 multiply 24 = 7200
the per compounded annum rate is rs.7,200
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