compound interest on 10,000at 15%pre annum for 2 year

 

Asked by krishnaghate10 | 14th Feb, 2021, 02:29: PM

Expert Answer:

A = P(1 + r/100)n
= 10000(1 + 15/100)2
= 10000(23/20)2
= (10000 x 23 x 23)/(20 x 20)
= 25 x 529
= Rs. 13225

CI = A - P = 13225 - 10000 = Rs. 3225

Answered by Renu Varma | 16th Feb, 2021, 11:21: AM