Find compound interest on rs 30000 for 2 years and 3 months at 40% p. a. compounded annually
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Answered by
1
Answer:
Therefore the CI after 2 years 3 years if the interest is compounded annually will be Rs. 34680.
Step-by-step explanation:
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Answered by
1
Answer:
P=Rs.30,000,T=2years and R=10%
⇒ A=P(1+100R)T
⇒ A=30000×(1+10010)2
⇒ A=30000×1011×1011
∴ A=Rs.36300
⇒ C.I.=A−P=Rs.36300−Rs.30000=Rs.6300
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