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A farmer gets a loan of Rs. 100000 against his fixed deposits. If the rate of interest is 1.5 paise per rupee per annum, calculate the compound interest payable after 2 years.

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MCQs on ratios and percentages, finding discounts and percentage, percentage estimations, profit and loss, sales tax or value added tax, compound interest, compound interest rates annually and compound interest formula applications.


A farmer gets a loan of Rs. 100000 against his fixed deposits. If the rate of interest is 1.5 paise per rupee per annum, calculate the compound interest payable after 2 years.






 
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