What is the compound interest on Rs. 2500 for 2 years at rate of interest 4% per annum?
Answers
Answered by
1
Answer:
a=p (1+r)power t
=2500(1+4÷100) 2
= 2500 (1.40)(1.40)
= 4900
Answered by
5
Answer:
204
Step-by-step explanation:
CI=P[(1+R/100)^2-1]
=2500[(1+4/100)^2-1]
=2500[(1+1/25)^2-1]
=2500*(1.0816-1)
=2500*0.0816
=204
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