InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
What will be the compound interest on Rs. 4000 in two years when rate of interest is 5% per annum? |
|
Answer» Given, Principal = Rs.4000 Time = 2 years Rate = 5 % per annum Compound interes \(={p}[({1}+\frac{R}{100})^T-{1}]\) \(={4000}[({1}+\frac{5}{100})^2-{1}]\) \(={4000}[(\frac{21}{20})^2-{1}]\) \(={4000}\times\frac{41}{400}\) Rs. 410 |
|