. Calculate the interest and the total amount for a
sum of 30,000 for a period of 2 years when the
interest is compounded annually at a rate of 6%
per annum answer is c.i 3708 amount 33708
Answers
Answered by
2
Answer:
Principal=30,000 Rs.
C.I=4347 Rs.
Rate of interest=7 %
Amount=Principal+C.I
Amount=30,000+4347=34347Rs.
Let the time is T years' then
⇒34347=30000(1+
100
7
)
T
⇒34347=30000(
100
107
)
T
⇒(
100
107
)
T
=
30000
34347
⇒(
100
107
)
T
=
10000
11449
⇒(
100
107
)
T
=(
100
107
)
2
∴T=2years
Answered by
0
Answer:
Step-by-step explanation:
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