2) What is the interest on Rs. 6000 at 7% for one year?
Answers
Answered by
0
Step-by-step explanation:
For 1 st year CI and SI is same
SI= 6000×1×7/100
SI=420
Answered by
0
Answer:
615
Step-by-step explanation:
The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is =6000×(1+
2×100
100
)
2
−6000
=6000×
20
21
×
20
21
−6000
=6615−6000=615.
So the compound interest is Rs. 615.
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