amit invests ₹24000 for 2yeara at a certain rate of interest compounded annually at the end of one uyear the sum amountsto ₹25200 . calculate 1.) the rate of interest per annum 2.) the c.i after 2years.
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Answered by
2
Step-by-step explanation:
P= Rs. 24000, Time = 1
2
1
years =3 half years, r=10% p.a. =5% per half year
∴A=24000(1+
100
5
)
3
=24000×(
20
21
)
3
=24000×
8000
9261
= Rs. 27783
∴ C.I. = Rs. 27783− Rs. 24000= Rs. 3783
∴ C.I. (x) lies between Rs. 3000 and Rs. 4000.
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Answered by
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Step-by-step explanation:
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