Find the amount and compound interest payable on rupees 16000 for 2 years at 15 percent and 12 percent for suceesive years . If u will answer correctly I will follow u please give full explanation
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Answered by
0
Answer:
A=20608, CI=4608
Step-by-step explanation:
A=P(1+r/100)(1+r/100)
A=16000(1+15/100)(1+12/100)
A=16000(1+3/20)(1+3/25)
A=16000(23/20)(28/25)
A=18400(28/25)
A=736*28
A=20608
CI=A-P
=20608-16000
=4608
Answered by
1
Step-by-step explanation:
Let A, P, R, T be amount, principle, rate, time respectively.
For 1st year,
A = P(1 + R/100)^T = 16000 × (1 + 15/100)^1 = 16000 × 115/100 = 18400
For 2nd year, Priniciple = 18400,
A = 18400 × (1 + 12/100)^1 = 18400 × 112/100 = 20608
Therefore final amount = 20608, Compound interest = 20608 - 16000 = 4608
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