1, Rahul invested7,000 in shares for 2 years at the rate of 12% per an – InterviewSolution

1.

1, Rahul invested7,000 in shares for 2 years at the rate of 12% per annum compounded annWhat is the compound interest that Rahul gets after 2 years?

Answer»

A = P*[1+(r/100)]^n= 7000*[1+(12/100)]^2= 7000*(28/25)²= ₹ 8780.8

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