Find compound interest on RS. 30000 for 2 years and 6 months at 20% per annum compounded annually.
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Answered by
6
Answer:
Step 1
It is given that number of employees increases at a compounding rate of 30% yearly.
Step 2
Number of employees in the company (P) = 6000
Yearly compounding rate (R) = 30%
Time (n) = 2 years
Step 3
Using compound interest formula,
Number of employees after 2 years = P(1 +
R
100
)
n
= 6000(1 +
30
100
)
2
= 6000 × (1.3)
2
= 6000 × 1.69
= 10140
Step 4
Therefore, the number of employees in the company after 2 years is 10140.
Answered by
23
Answer:
See the answer mate! Rs. 17520
Step-by-step explanation:
Rs. 17520
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