1. Find the compound interest payable after certain years

Ajith gets a loan of \(₹\) 36531 against his fixed deposits. If the rate of interest is 6.3 paise per rupees per annum, then calculate the compound interest payable after 2years compounded yearly. (Use: ${1.063}^2$$\approx$ 1.13)

 

Answer:

 

The compound interest payable after 2 years \(=\) \(₹\).

 

[Note: Submit the answer as a whole number.]