the interest on rupees 1300 at the rate of 5% per annum for 2 years is
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1
Step-by-step explanation:
SI=P*R*T/100
SI-1300*5*2/100
=130
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Answered by
1
Answer:
SIMPLE INTEREST = (1300 × 5 × 2)/100
= 13 × 5 × 2
= 130
AMOUNT = 1430
COMPOUND INTEREST
AMOUNT = 1300(1+1/20)²
= 1300 × 21/20 × 21×20
= 1433.25
COMPOUND INTEREST = (1433.25 - 1300)
= 133.25
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