rahul an unemployed youth recived rupess 4000 a loan from state bank of india at a normal rate 2 and half per annum .find out the compound interest that rahul pays after 2 years
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Step-by-step explanation:
P=4000
R=2%
=2/2=1%per half year
T=2years
=2×2=4 years
A=4000(1+1/100)ka 4times
=4162.41604
C.I =A-P
=4162.41604
=Rs. 2562.41604
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