Calculate SI for same sum at 20 %
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Answered by
3
Answer:
Ok answer is below
Step-by-step explanation:
Given:
Simple interest = Rs. 2300, the rate = 20% and time = 2 years
Formula used:
If P = Principal, R = Rate of Interest, and T = Time Period; then:
Simple interest (S.I) = (P × R × T)/100, and
Compound interest (C.I) = P[(1 + R/100)2 - 1]
Calculation:
According to question,
Simple interest (S.I) = (P × R × T)/100
2300 = (P × 20 × 2)/100
⇒ P = 5750
Now, (C.I) = P[{(1 + (R/100)}t - 1]
⇒ 5750[{(1 + (10/100)}2 - 1]
⇒ 5750 × [{(11/10) × (11/10)} - 1]
⇒ 5750 × (21/100) = 1207.5
∴ Compound interest is Rs. 1207.5.
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Answered by
0
Answer:
Step-by-step explanation:
20% = 0.20 = 20/100 = 0.2 = 2/10 = 1/5.
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