Question

Find the amount and compound interest on ₹ 20,000 for 2 years at 15% per annum, interest being payable annually.

Answer 1

Step-by-step explanation:

P=20,000

Rate of Interest=15%

Time=2years

P=(1+1/1)

P=(1+15/2)

2000=16/2

=16000

Answer 2

Answer:

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