Find the compound interest after 2yrs of 1000 Rs at the rate 12%
Answers
Answered by
0
Answer:
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Step-by-step explanation:
Here, Principal P = Rs. 1000
R =10% per annum and n=2 years
∴ Amount after 2 years = P (1+
200
R
)
2n
= Rs. 1000×(1+
200
10
)
2×2
=Rs.1000×(1+
20
1
)
4
=Rs.1000×(
20
21
)
4
= Rs.1000×
20
21
×
20
21
×
20
21
×
20
21
=Rs.1215.50
Hence, compound interest = Amount - Principal
=Rs.1215.50−Rs.1000=Rs.215.50
Answered by
1
Step-by-step explanation:
to find compound interest
amount=p*(1+r/100)n
a=1000*(28/25)2
1000*28/25*28/25
amount=1254.4
compound interest=amount-principal
ci=254.4 answer
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