1. What will be the compound interest on a sum of Rs. 7200 at 5 pcpa in 2 years ?






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  • By: anil on 05 May 2019 01.23 am
    Compound Interest = $$7200(1+5\%)^{2}$$ (As C.I. = $$P(1+r\%)^{n}$$ Where P is the principal amount, r is the rate and n is the number of years) Hence, answer will be = 7200(1.05)(1.05) = 7938 So interest will be = 7938-7200 = 738
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