Rahul invested Rs7000 in shares for 2 years at the rate of 12% per annum compounded annually. what is the compound interest that Rahul get after 2 years
Answers
Answered by
3
Answer:
1780.8
Step-by-step explanation:
principal = 7000
rate = 12%
time=2 years
amount = p[1+r/100]^no
7000 [1+12/100]^2
7000[1+3/25]
7000×28/25×28/25
8780.8
compound interest = amount - principal
8780.8- 7000
=1780.8
compound interest after 2 years = 1780.8
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Answered by
0
Answer:
10763.2
Step-by-step explanation:
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