8000rs,2 and half years,rate 15%,find amount and c.i.
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Step-by-step explanation:
Formula for Compound Interest(CI)=
P[(1+R/100)^T - 1]
【Where Principle is P , Rate is R , Time is T】
Using this formula , we get :
40000[(1+8/100)^2-1]
=40000[(108/100)^2-1]
=40000[(27/25)^2-1]
=40000[729/625-1]
=40000×104/625
=64×104
=₹6656
【I hope this would help You】
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