10. The C.I on a certain sum of money for 2 years at 8% p.a compounded annually is
1040. the sum is
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2
Step-by-step explanation:
S.I =P*R*T/100,
we have p,r and t lets quickly put the values and get the answer,
s.i for 1st year =1040*8*1/100
=₹83.20
principal for next year =₹(1040+83.20)
=₹1123.2
s.i for 2 nd year = 1123.2*8*1/100
=₹89.596
amount after 2 year=₹1213.056
c.i for 2 years =₹(1213.056-1040)
=₹173.056
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2
Step-by-step explanation:
follow the above solution
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