Salma borrowed from Mahila Samiti a sum of ? 1875 to purchase a sewing – InterviewSolution

1.

Salma borrowed from Mahila Samiti a sum of ? 1875 to purchase a sewing machine.ifthe rate of interest is 4% per annum, what is the compound interest that she has to payafter 2 years?

Answer»

P=rs.1875R=4%T=2 years

we know,A=P(1+R/100)^2=1875(104/100)^21875*104/100*104/100=2,02,80,000

CI=A-P=2028-1875=153

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