how much will rupees 25000 amount to in 2 years at compound interest compounded annually at if the rates of for success success years be 4% per annum and 5% per annum
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Step-by-step explanation:
how much will rupees 25000 amount to in 2 years at compound interest compounded annually at if the rates of for success success years be 4% per annum and 5% per annum
Answered by
6
Step-by-step explanation:
if 4% per annum
than the in 2 year the money becomes
[(25000×4)/100+25000]×2
(1000+25000)×4
26000×4
104000
if 5% per annum
than the money becames
[(25000×5)/100+25000]×4
(1250+25000)×4
26250×4
105000
Hope this is help full
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