what will be the compound interest on rupees 18750 for 2 years when the rate of interest at 4% for the first year and it person for the second year ?
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what will be the compound interest on rupees 18750 for 2 years when the rate of interest at 4% for the first year and it person for the second year ?
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Step-by-step explanation:
=18750×(1+4/100)power of 2
=18750×(104/100)power of 2
=18750×(26/25)power of 2
=18750×26×26/25×25
=246×26×26
=140196
=140196-18750
=121246