Question

Find the compound interest on Rs 7500 at 4% per annum for 2 years, compounded annually.

Answer 1

C. I. =7500*(1+4/100)^2-1

7500*(10816/10000)-1

7500*816/10000

612 ans...

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Answer 2

Answer:

Step-by-step explanation:

Amount = Rs [7500*(1+(4/100)2]

= Rs (7500 * (26/25) * (26/25) )

= Rs. 8112.

therefore,

C.I. = Rs. (8112 - 7500)

= Rs. 612.