Rahul obtained a loan on 40000 for the purchase of a bike from a bank if the rate of interest is 15% per annum then find the compound interest then he will have to pay after 2 years
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Answer:
So first step is this
p=40000
R=15
T=2
SI=P*R*T/100
si=40000*15*2/100
= 12000 =si
this is your answer
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