Question

Find the amount for Rs 62,5000 lent at 4% per annum for two years, Compounded annually​

Answer 1

$AN \: EXAMPLE \: IS \: GIVEN \: ABOVE ⇈$

I did this in my previous classes!!!

Answer 2

Step-by-step explanation:

since ,

CI is anually appiled ,

A=P(1+r/100)²

A=6,25,000(104/100)²

A=26×26×1000=6,76,000

CI=A-P

CI=51,000 answer