find the interest and amount to paid on Rs.15000 at 5/per annum after 2 years?
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Answer:simple interest 1800 and amount is 16800
Step-by-step explanation:
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Compound Interest = P [(1 + R/100)^n - 1]
➡ 15000 [(1 + 5/100)^2 - 1]
➡ 15000 [ (21/20)^2 - 1]
➡ 15000 [ 441 / 400 - 1 ]
➡ 15000 [ (441 - 400)/400 ]
➡ 15000 [ 41/400 ]
➡ ₹1537.5
Amount = 15000 + 1537.5
➡ ₹ 16537.5
➡ 15000 [(1 + 5/100)^2 - 1]
➡ 15000 [ (21/20)^2 - 1]
➡ 15000 [ 441 / 400 - 1 ]
➡ 15000 [ (441 - 400)/400 ]
➡ 15000 [ 41/400 ]
➡ ₹1537.5
Amount = 15000 + 1537.5
➡ ₹ 16537.5
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