calculate the amount and the C.I on rs 70,000 on 2 years at 15% per annum compounded annually answer (with formlua and steps please)
Answers
Answered by
2
Answer:
AMOUNT = ₹92,575
CI = ₹22,575
Step-by-step explanation:
PARAMETERS GIVEN,
PRINCIPAL=₹70,000
RATE%=15%
TIME=2 YEARS
SO,
WE KNOW,
A=P(1+R/100)ⁿ
= 70000(1+15/100)²
= 70000(115/100)²
= (70000*115*115)/100*100
= 7*115*115
=₹92,575
SO,
CI=A-P
=₹92,575-₹70,000
=₹22,575
I HOPE YOU UNDERSTOOD THE QUESTION
Answered by
2
Answer:
Ninety two thousand seven hundred and twenty five
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