Math, asked by manishvn, 1 month ago

find the amount and the compound Interest on Rs 9500 for 3years at 9.5% per annum. solve​

Answers

Answered by ImpressAgreeable4985
0

Answer:

For first year

P=6500,R=5%, T=1

Interest =  

100

PRT

 

=  

100

(6500×5×1)

 

=325

Amount = Interest + Principle =325+6500=Rs.6825

For second year principle will be amount of previous year (since interest is compounded)

P=6825,R=6%, T=1

Interest =  

100

PRT

 

=  

100

(6825×6×1)

 

=Rs.409.5

Amount=P+I=6825+409.5=7234.5

Total interest =325+409.5=Rs.734.5

∴  Amount after 2 years will be Rs.7234.5 and interest Rs.734.5

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