Question

find the compound interest on rs 1500 for 2 years at rate of 5% per annum compounded anually

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Answer 1

Answer:

do it with help of formula , thank you

Answer 2

Step-by-step explanation:

Principle (P)=Rs.1,500,

Rate(R)=5%,

Time(n)=3 years.

Formula: A=P(1+ 100R ) n

A=1,500(1+ 1005 ) 3

A=1,500( 100105 ) 3

A=1,500× 100105 × 100105× 100105

A= 163×21×21×21

A= 1627,783

A=1,736.40

Compound Interest = Amount − Principle

=1,736.40−1,500=236.40

Amount=Rs.1,736.40,

Compound interest =Rs.236.40

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