Accountancy, asked by manmeetdaroch, 3 months ago

Using the formula for compound interest calculate the amount when P= Rs 5,000 and R=6¼% per annum for 2 years.

Answers

Answered by aditirajendrashende

0

Explanation:

P = 5000

N = 2 years

R = 6.25 %

PNR/100= 5000×2×6.25

---------------------

100

= 50×2×625

= 100×625

=62500

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