Question

Find the compound intescest on the following:
Principal = Rees 20480
Rate% p.a = 25/4%
Number of years = 1/5​

Answer 1

Answer:

rs.256

Step-by-step explanation:

if we have to find compound interest on a sum of certain amount for one or less than one year can be easily calculated by the method of simple interest

so we have to find C.I. on a sum of rs. 20480 at 25/4% for 1/5 years

$20480 \times 25 \times 1 \div (100 \times 4 \times 5) \\ we \: get \: rs.256 \: as \: our \: comound \: inerest$

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