Question
Calculate the compound interest earned on investing Rs.
20,000 at 25% per annum compounded annually for 2 years.Solution
ATQ,
So, Compound interest = 20,000 × (1.25)² - 20,000
Or compound interest = 31,250 - 20,000 = Rs. 11,250
When was the National Bank for Agriculture and Rural Development (NABARD) set up?
Match the Following:
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C....
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