find CI when t = 3 years r = 4% 5% 6% per annum
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Answer:
hope it helps you mate
Step-by-step explanation:
A = P(1 + {r/n})^{nt}
Answered by
1
Answer:
Compound Interest: Concept, Tricks and Problems
Note: The above formula: A = CI + P will give us total amount. ...
Questions 1:Find the amount if Rs 20000 is invested at 10% p.a. for 3 years.
Solution: Using the formula:A= P [1+ R/100]n ...
Question 2: Find the CI, if Rs 1000 was invested for 1.5 years at 20
I = (5000*10*5)/100 = Rs 2,500. Now, if you add this interest to the principal, The new principal is = (5000+2500) = Rs 7,500. So, the initial amount of Rs 5000 invested at 5% p.a. simple interest with the interest being added to principal every ten years would become Rs 11,250
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The compound interest is Rs 204.
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