Find the CI on Principal 20480, with rate of 6.25% pa and 2 years 73 Days
Please don't answer without the step by step explanation, because I have the answer, but not the explaination
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P=20480
R=6.25%=25/4
T=2 years 73 Days
C.I. = Rs[20480 x(1 +25/4 x 100)2 (1 + 1/5 x 25/4 x 100) - 20480 ]
= Rs.[(20480 x 17/16 x 17/16 x 81/80) - 20480]
= 20480[23409 - 20480/20480]
= Rs .2929
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