Question

Calculate the interest on ₹30,000 at 12 percent per ammum compounded annually for 3½ years​

Answer 1

Answer:

Here, V=Rs.30000,r=12%=0.12 and n=20.

We know V=rA[1−(1+r)−n]

Thus 30000=0.12A[1−(1+0.12)−20]

⇒   A=[1−(1+0.12)−20]30000×0.12

⇒  A=[1−(1.12)−20]3600

⇒  A= Rs. 4016.76

Answer 2

Step-by-step explanation:

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