1.

What would be the compound interest obtained on an amount of Rs 2700 at the rate of 9% p.a. after 2 years ?

Answer»

RS. 507.87



CI = 2700(1 + 9/100)² - 2700
= 2700 (109/100)² - 2700 = 320787/100 - 2700
= 3207.87 - 2700 = 507.87



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