find the compound interest on ₹2700 at 6 2/3 % per annum for 2 years.
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372 rupees
6 2/3% means 1/15
so simple interest of two years is 180 rs. each year,
for compound interest we add interest on 1st year interest so..
1/15 of 180 rs. is 12rs.
so compound interest is
180+180+12= 372rs.
6 2/3% means 1/15
so simple interest of two years is 180 rs. each year,
for compound interest we add interest on 1st year interest so..
1/15 of 180 rs. is 12rs.
so compound interest is
180+180+12= 372rs.
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