Nikhil

8y ago

There is 75% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs 40000 after 2 years at the same rate?

3

MULA SUDHEER 8y ago

amount = (175/100)×principal. SI=(75/100)×principal. SI=(principal×5×Rate)/100. Rate=15%. CI=12900

Kalpana Srivastava 8y ago

75*100/100*5 =Rate of interest 15%=R 40000(1+15/100)^2=c.i 2100=c.i amount = 42100

Kalpana Srivastava 8y ago

R = 15% c.i will be 12900

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