3) Find the amount on 75000 for 2 years at the rate of 10 p.c.pafcompounded
annually
Answers
Answered by
1
Answer:
Rs. 90,750
Step-by-step explanation:
Given,
P = Rs.75,000
r = 10% p.a.
n = 2years
Sol,
Interest for 1st year = (75,000×10×1)/100
=Rs. 7,500
Principal for next year = Rs. (75,000+7,500)
= Rs. 82,500
Interest for next year = (82,500×10×1)/100
= Rs. 8,250
Amount = Rs. (82,500+8,250)
= Rs. 90,750
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