What is the compound interest on Rs 6000 in 2 years?
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6300 which will be the principal value for second year. So, the amount obtained after the two years is Rs. 6678.
What will be the compound interest on sum of 6000 for 2 years at the rate of 10% per annum?So the compound interest on rs. 6000 at 10% per annum for 2 years will be rs. 1260 (Ans.)
What is the compound interest on Rs 5000 for 2 years?∴ Compound interest is Rs.1050
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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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