Find the compund interest on rs. 7500 at 4% P.A for 2 years, compounded annually
Answers
Answered by
6
Answer:
C.I = rs. 612
Step-b+y-step explanation:
A= p ( 1+r/100)n
A = 7500(1+4/100)2
A = 7500(26/25)2
A= 7500*26/25*26/25
A = Rs. 8112
C.I = A -P
8112 - 7500
C.I = 612
Similar questions