You invested Rs.1500 at 5% rate per annum. Find the interest at the end of
2 years. Please answer with step by step explanation.
Answers
Answered by
0
Answer:
Step-by-step explanation:
Principle (P)=Rs.1,500,Rate(R)=5%, Time(n)=2 years.
Formula: A=P(1+
100
R
)
n
A=1,500(1+
100
5
)
3
A=1,500(
100
105
)
2
A=1,500×
100
105
×
100
105
×
100
105
A=
16
3×21×21×21
A=
16
27,783
A=1,736.40
Compound Interest = Amount Principle
=1,736.40−1,500=236.40
Amount=Rs.1,736.40,
Compound interest =Rs.236.40
Answered by
0
Answer:
Rs.1653.75
Step-by-step explanation:
100+5=105
1500÷100×105=1575(interest at end of 1 year)
1575÷100×105=1653.75
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