Question

Jaspal borrowed Rs 7200 from a financing company for 2 years at 5 percent annum. Calculate the compound interest payable at the end of the term ?

Answer 1

Answer:

Principle = Rs7200

Time = 2years

Rate= 5% p.a

Interest

= PXRXT

100

= 7200×5×2

100

= 7200 X10

100

= 72000

100

= RS. 720

Step-by-step explanation:

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