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7 years, 3 months 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?
7 years, 3 months ago
75*100/100*5 =Rate of interest
15%=R
40000(1+15/100)^2=c.i
2100=c.i
amount = 42100
7 years, 3 months ago
amount = (175/100)×principal.
SI=(75/100)×principal. SI=(principal×5×Rate)/100.
Rate=15%.
CI=12900