Question

The compound interest on rs 20480 at 25/4% per annum for 2 years 73 days is?

Answer 1

A=P (1+r/100)^n *(1+r/100*73/365)A=20480(1+25/4)*(1/100)^2(1+(25/4)*(1/100)*(73/345))A= 23409