Question

Archana invests rupees 5,600 at 14% p.a. compound interest for 2 years.calculate: i.)the interest for the 1st year

Answer 1

Answer:

Step-By-Step Explanation:

For the first year: 

For the first year: P= Rs. 5,600, N=1 year and R=14%

Wehave S.I. =100PNR=1005,

600×1×14= Rs. 784And Amount at the end of first year.

 P+S.I.= Rs. 5,600+ Rs. 784= Rs. 6,384

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Answer 2

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Step-by-step explanation:

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