The compound interest on rs.20,480 at 25/4% per annum for 2years 73days is ?
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Principal - 20480
Interest(r)-25/4%=6.25%
Time(t) =2years and 73 days=2.2 years
CI=P(1+r/n)^nt
=20480(1+25/4) ^2*1
=20480 X 841/16
= 1280
Thus the compound interest over RS 20480 for 2 years and 73 days at the rate if 25/4% is Rs. 1280.
Interest(r)-25/4%=6.25%
Time(t) =2years and 73 days=2.2 years
CI=P(1+r/n)^nt
=20480(1+25/4) ^2*1
=20480 X 841/16
= 1280
Thus the compound interest over RS 20480 for 2 years and 73 days at the rate if 25/4% is Rs. 1280.
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