Mrs. Singhal deposited ₹ 25,000 for 2 years in a company which pays an interest of 14 1\2% per annum . what amount will he receive at the end of 2 years?
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Principle = rs 25,000
Time = 2 years
Rate of interest per annum = 14 1/2% = 29/2%
S.I =PxTxR /100
=25000 x 2 x 29/ 100 x 2
=7250
Therefore, amount = P + S.I
=25000 + 7250
=32250
So, amount = 32,250
Hope it helps...!!!
Time = 2 years
Rate of interest per annum = 14 1/2% = 29/2%
S.I =PxTxR /100
=25000 x 2 x 29/ 100 x 2
=7250
Therefore, amount = P + S.I
=25000 + 7250
=32250
So, amount = 32,250
Hope it helps...!!!
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