Question

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

Answer 1

Answer:

A = P(1+r/100) power n

A = 2500( 1+4/100) power 2

A = 2500 ( 1+1/25)power 2

A = 2500×26/25×26/25

A = 2704Rupees

C.I = 2704-2500

CI = 204 ans

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