a certain sum of money amounts to rs 8000 in 4 years at 10 percentage find the principal
Answers
Answered by
1
Answer:
It is given that
Principal (P) = 8000
Rate of interest (r)= 10% p.a.
Period (n) = 4 years
We know that
Amount = P(1+r/100)
n
Substituting the values
=8000(1+10/100)
4
By further calculation
= 8000×11/10×11/10×11/10×11/10
= 11712.80
Here
CI = A - P
Substituting the values
= 11712.80−8000
= 3712.80
Answered by
1
Answer:
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Step-by-step explanation:
It is given that
Principal (P) = 8000
Rate of interest (r)= 10% p.a.
Period (n) = 4 years
We know that
Amount = P(1+r/100)
n
Substituting the values
=8000(1+10/100)
4
By further calculation
= 8000×11/10×11/10×11/10×11/10
= 11712.80
Here
CI = A - P
Substituting the values
= 11712.80−8000
= 3712.80
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