1.

What would be the accured compound interest on an amount of Rs. 6000 at the rate of 7% per annum for 2 years ?

Answer»

RS. 869.4



CI = 6000[(1 + 7/100)² - 1]
= 6000 [(1 + 0.07)² - 1]
= 6000 [1.1449 - 1]
= Rs. 869.4



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