Find compound interest on RS7500at
4.% per annumn for 2years compounded
annually
Answers
Answered by
1
Answer:
7500 at 4% per annum for 2 years, compounded annually. Explanation: Amount = Rs [7500*(1+(4/100)2] = Rs (7500 * (26/25) * (26/25) ) = Rs.
Answered by
0
Step-by-step explanation:
A = P (1+r/100)^n
=7500(1+4/100)^2
=7500(1.04)^2
=7500×(1.0816)
=8112
C.I = A - P
=8112 - 7500
=612
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