Find Compound interest for 6yrs, where P=Rs 1500/-, R=10% compounded for every two years.
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Answer:
Step-by-step explanation:
a = p(1 + r /100)^t
a = 1500(110/100)^2
a = 1500*110/100*110/100
a =1500*11/10*11/10
a = 15*11*11
a = 1815
ATQ
Amount of the second year is the principal of third year
a = 1815(110/100)^2
a = 1815*110/100*110*100
a = 1815*11/10*11/10
a = 2196.15
ATQ
AMOUNT OF THE FOURTH YEAR
IS THE PRINCIPAL OF FIFTH YEAR
a = 219615/100(110/100)^2
a = 219615/100*11/10*11/10
a = 2657.3415
CI = Final Amount - principal(original)
=2657.3415-1500
=1157.3415
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