Question

What is the compound interest on Rs. 2500 for 2 years at rate of interest 4% per annum?​

Answer 1

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$a = p(1 + \frac{r}{n} ) ^{nt}$

Year Year Interest Total Interest Balance

1. 101.85 101.85 2,601.85

2. 106.00 207.86 2,707.86

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Answer 2

Step-by-step explanation:

a=p(1+

n

r

)

nt

Year Year Interest Total Interest Balance

1. 101.85 101.85 2,601.85

2. 106.00 207.86 2,707.86