find the CI and A ,when p= rs.5000, R=9% ,T=2years
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Answer
A=P(1+R/100)^T
=5000(100+9/100)^2
=5000*109/100*109/100
=5*11881/10
=59405/10
=Rs.5940.5
CI= A-P
= 5940.5-5000
=Rs. 940.5
Answered by
1
GIVEN:-
- Principal = Rs. 5000
- Rate = 9%
- Time = 2 years
To Find:-
- Compound Interest
- Amount
SOLUTION:-
We know that,
where,
- P is principal = Rs.5000
- R is rate = 9%
- n is time = 2 years
Putting the values,
Now,
where,
- Amount is Rs.5940.5
- Principal is Rs.5000
Putting the values,
1)) Amount = Rs.5940.5
2)) Compound Interest = Rs.940.5
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