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.



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