Math, asked by snehaghose53, 7 months ago

find the ci on rs 7000 in two yrs at 6% compounded annually​

Answers

Answered by adrijadey77
1

Given, Principal (P)= ₹7000

Time(n)= 2 years

Rate of Interest (R)= 6%p.a.

We know, A= P(1+R/100)^n

=> A= 7000(1+6/100)^2

=> A= 7000(1+3/50)^2

=> A= 7000× 53/50× 53/50

=> A= (14×53×53)/5

=> A= 39,326/5

=> A= 7865.2

We know, C. I.= A- P

=> C. I.= ₹(7865.2 - 7000)

Therefore, C. I.= ₹865.2 [Ans]

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