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
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