Find Compound Interest On Rs. 7500 At 4% Per Annum For 2 Years, Compo – InterviewSolution

1.

Find Compound Interest On Rs. 7500 At 4% Per Annum For 2 Years, Compounded Annually?

Answer»

AMOUNT = Rs [7500*(1+(4/100)2] = Rs (7500 * (26/25) * (26/25) ) = Rs. 8112.

THEREFORE, C.I. = Rs. (8112 - 7500) = Rs. 612.

Amount = Rs [7500*(1+(4/100)2] = Rs (7500 * (26/25) * (26/25) ) = Rs. 8112.

therefore, C.I. = Rs. (8112 - 7500) = Rs. 612.

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