History, asked by blossomwell, 1 year ago

Find the C.I for 1 year 3 months on 6000 lent at 8% p.a reckoned annually

Answers

Answered by israa7

1

Answer:

I don't know how to do this

Answered by sachipadhen123

8

Answer:

P=6000. R=8% T=1year 3month=1and1/4

A=P(1+R/100)n

A=6000(1+8/100)1and1/4

6000(1+8/100)(1+8/100multiply1/4)

6000multiply108/100multiply102/100

33048/5

6609.6

CI=A-P

=6609.6-6000

=609.6

Explanation:

sorry, in my keybord the is no sign of multiply thats why where there is the sign of multiply I wrote there multiply

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