Find the compound interest on a sum of Rs.225000 for two years at the rate of 2% per annum.
Answer & explanation
Correct answer: option 1
Compound Interest = 4500 + 4500 + 90 = 9090
Find the compound interest on a sum of Rs.225000 for two years at the rate of 2% per annum.
Correct answer: option 1
Compound Interest = 4500 + 4500 + 90 = 9090