Find CI if P = Rs. 6300, T= 2 years and R = 10% per annum compounded annually. *
Answers
Answered by
1
Answer:
Rs.1323
Step-by-step explanation:
Principal (P) = Rs.6300
Rate (R) = 10%
Time (n) = 2 years
Amount (A) = P (1 + R/100)ⁿ
=> A = 6300 (1 + 10/100)²
=> A = 6300 (11/10) (11/10)
=> A = Rs.7623
CI = A-P = Rs.(7623-6300) = Rs.1323
Answered by
0
Rupees 1323 is the correct answer
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