8 find the compound Interest on Rs 6,400.
for 2 years at 10% p.a. Compounded
annually
(a) Rs 7744
( b) Rs 6700
(c) Rs 1344
(d) Rs 2344
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Answer:
Correct option is A)
Step-by-step explanation:
⇒ P=Rs.6400,n=2years,R=215%
⇒ A=P(1+100R)n
⇒ A=6400(1+2×10015)2
⇒ A=6400×200215×200215
⇒ A=Rs.7,396
⇒ Compoundinterest=A−P
⇒ CompoundInterest=Rs.7,396−Rs.6,400=Rs.996
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