Question

The compound interest on Rs. 25,600 for
2 years at 5 % p.a. is​

Answer 1

Answer:

Amount A=P(1+r)t

Here, P=25600,r = 5/100=0.05, t=2

∴ A=25600(1+0.05)2

         =25600(1.05)2

         =25600(1.1025)

         =53760

Compound interest= 53760−25600= 28160

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