Find Cl paid when a sum of Rs 10,000 is invested for 1 year 3 months at
81/2 % per
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Answer:
P = Rs 10,000
T = 1 year 3 months
R = 81/2%
Step-by-step explanation:
A = P(1+R/100)¹
= 10,000(1+81/200)¹
= 10,000(200+81/200)¹
= 10,000(281/200)¹
= 10,000 × 281/200
= 100 × 281
A = Rs 28100
CI = A-P
= 28100-10,000
= Rs 18100
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