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How much will a sum of Rs.6,300 to in a span of 2 years, at 5 pcpa rate of compound interest (rounded of to the nearest integer)?
- ARs. 6946
- BRs. 6876
- CRs. 6521
- DRs. 6790
Answer not set
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0
CCommunity
Solution
We can calculate the compound interest as follows
Compound Interest = $6300 \times 1.05 \times 1.05 = 6945.75$
We can calculate the compound interest as follows
Compound Interest = $6300 \times 1.05 \times 1.05 = 6945.75$
0
CCommunity
Solution
We can calculate the compound interest as follows
Compound Interest = $6300 \times 1.05 \times 1.05 = 6945.75$
We can calculate the compound interest as follows
Compound Interest = $6300 \times 1.05 \times 1.05 = 6945.75$