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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?
- ARs. 25800
- BRs. 32250
- CRs. 12900
- DRs. 19350
Answer not set
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CCommunity
SI = PTR/100
⇒ 75% P = P × 5 × R/100
⇒ R = 15%
CI = P[(1 + R/100)n - 1] = 40000[(1 + 15/100)2 - 1] = 40000 × (1.152 - 1) = Rs. 12900
⇒ 75% P = P × 5 × R/100
⇒ R = 15%
CI = P[(1 + R/100)n - 1] = 40000[(1 + 15/100)2 - 1] = 40000 × (1.152 - 1) = Rs. 12900
0
CCommunity
SI = PTR/100
⇒ 75% P = P × 5 × R/100
⇒ R = 15%
CI = P[(1 + R/100)n - 1] = 40000[(1 + 15/100)2 - 1] = 40000 × (1.152 - 1) = Rs. 12900
⇒ 75% P = P × 5 × R/100
⇒ R = 15%
CI = P[(1 + R/100)n - 1] = 40000[(1 + 15/100)2 - 1] = 40000 × (1.152 - 1) = Rs. 12900