Question

There is 65% increase in an amount in 5 years at simple interest. what will be the compound interest of rs. 18,000 after 2 years at the same rate?

Answer 1

atq
65=5×r
r=l3%
compound interest =amount - principle
= l8000 (l plus l3÷l00)^2 - l00
=l6 36. 6