what is the dirfarent amount for 2 year and 3 yearbe500 at 10% compound interest

Question

what is the dirfarent amount for 2 year and 3 yearbe500 at 10% compound interest

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Madelyn 3 months 2021-07-06T16:06:02+00:00 1 Answers 0 views 0

Answers ( )

    0
    2021-07-06T16:07:30+00:00

    Answer:

    Given

    P=Rs.250

    A=Rs.285

    T=2 yr

    We know

    Simple Interest =A−P

    =285−250

    =25

    SI=

    100

    PRT

    25=

    100

    250×R×2

    R=

    250×2

    25×100

    R=5%

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