Question

Let us write by calculating the amount on Rs 80000 for 2½ years at the rate of 5% compound interest per annum.​

Answer 1

Rate of Interest(R) = 5% p.a. First, we will calculate the compound interest for the first two years. =4,000. Amount at the end of the first year = ₹ (80,000+4,000) = ₹84,000

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