Math Problem Statement

There is 50% increase in an amount in 5 years at simple interest. The compound interest on ₹10,000 after 2 years at the same rate will be:

Solution

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Math Problem Analysis

Mathematical Concepts

Simple Interest
Compound Interest
Percentage Increase
Rate of Interest

Formulas

Simple Interest: A = P + P × (R × T) / 100
Compound Interest: A = P × (1 + R/100)^T

Theorems

Interest Rate Calculation
Exponential Growth in Compound Interest

Suitable Grade Level

Grades 9-12