Q. 6. Daljeet, an unemployed youth, received Rs. 4000 as a
loan at a loan mela organized by the State Bank of India. If the
nominal interest is 2% per annum, calculate the compound
interest that Daljeet pays after two years.
5
10
o/
Answers
Answered by
1
Answer:
161.6 rs is the compound interest
Step-by-step explanation:
First year
4000 × 2
100
= 80 rs
Second year on 4080
4080 × 2
100
= 81.6
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