Question

Neethu invested Rs.25000 in a bank which gives an interest at 15%.Find the amount she earned after 2 years​

Answer 1

amount is based on Type of interest

1 Simple interest

2 compound interest

1 simple interest=p*r*t/100

si=25000*15*2/100

si =7500

amount =p+i

32500 answer for simple interest

2 for compound interest

amount=p(1+ r/100*n)n

amount=33062.5

ci=8062.5

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