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b) 18,000 for 2 1/2 years at 10% per annum compounded annually.
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18,000 for 2 years at 10% per annum compounded annually.
Here we take 2 as
Compound interest of 2 year + simple interest of year
So by using formula
➪ A = 18,000 ( 1 + ( zero zero get cancel)
➪ A = 18,000 ( 1 +
➪ A = 18,000 ( 1 + (take L.C.M)
➪ A = 18,000 (
➪ A = 18,000 ×
➪ A = 180 × 121
➪ A = 21,780
Now :
Amount = Principal + Interest
21,780 = 18,000 + interest
21,780 - 18,000 = interest
3780 = interest
i = 3780
Amount = 21,780 interest = 3780
Now the simple interest of
So by using formula
➪
➪
➪
➪
Now the simple interest be :
Compound interest of 2 year + Simple Interest of
☞︎︎︎ 3780 + 1089
☞︎︎︎ 4869
Amount = Prinicipal + Interest
☞︎︎︎ A = 18000 + 4869
☞︎︎︎ A = 22869
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