How much will Rs 6000 amount in 2 years at compound interest if the rates for successive years are 4% and 5%?
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What sum will become Rs 6000 after 2 years at 5% per annum when the interest is compounded annually?∴ Amount = Rs.6000 × 110.25% = Rs.6615
The UPTET exam was conducted on 23rd January 2022.
What is the compound interest on Rs 6000 in 2 years?Given that Principal = 6000, n = 2 years, r = 10% per annum. = 7260. = 1260. Therefore the compound interest = 1260 rupees.
What is the compound interest on Rs 5000 for 2 years at rate of interest 4% per annum?[Solved] The compound interest on Rs. 5000 at 4% per annum is Rs. 408.
At what rate percent per annum will 6000 amount to 6615 in 2 years?At 5% per annum the sum of Rs 6,000 amounts to Rs 6,615 in 2 years when the interest is compounded annually. Was this answer helpful?
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