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What is the amount on ₹ 2500 for 2 years compounded annually where the rate of interest is 6% during the first year and 8% during the second year *?The amount is Rs. 2862 and Compound interest is Rs. 362.
What is the compound interest on Rs 2500 for 2?2500 for 2 years at 12% p.a.? Compound interest in first year on a sum=Simple interest. So compound interest after 1 year=2500*1*12/100=Rs 300. For the next year Sum=2500+300=2800.
What is the formula of compound interest for 2 years?For 2 years, T = 24. If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2.
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What is the compound interest on rupees 2500 for 2 years at rate of interest 4% per annum?
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