Question

in 5% rate of compound interest for what amount the interest for 2 years is rupees 615

iska answer kya h? ​

Answer 1

Answer:

557.82

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 5/100

r = 0.05 per year,

Then, solve the equation for P

P = A / (1 + r/n)^nt

P = 615.00 / (1 + 0.05/1)^(1×2)

P = 615.00 / (1 + 0.05)^2

P = 557.82