Question

P=7680, R=25%, T=2 yeats what is the C.I.

Answer 1

1st year......
P=7690 T=1 year Rate = 25%p.a
Therefore.....
S.I=7690*1*25/100
=1922.5
Amount=7690+1922.5
=9612.5
2nd year......
P=9612.5 T=1 year R=25%p.a
Therefore.......
S.I=9612.5*1*25/100
=2403.125
Amount=9612.5+2403.125
=12015.625
Therefore......
C.I=12015.625-7680
=4335.625
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