Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually
Rs 312
Rs 412
Rs 512
Rs 612
Explanation:
Please apply the formula
Amount=P(1+R/100)^n
C.I. = Amount - P
Please apply the formula
Amount=P(1+R/100)^n
C.I. = Amount - P