Find the compound interest and amount on
(i) Rs 9,600 for 3 years at the interest rate of 10% per annum.
(ii) Rs 8,000 for 3 years at the interest rate of 5% per annum.
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Answer:
1) P=9,600
T=3Y
R=10%
amount=P×R×T/100
= 9,600×3×10/100[Zero cut with Zero]
=96×3×10
=96×30
=2,880
CI=P-A
=9,600-2,880
=6,720 Is ur first ans.
2) P=8,000
T=3Y
R=5%
amount=P×R×T/100
=8,000×3×5/100[Zero cut with Zero]
= 80×3×5
=80×15
=1,200 Is ur second ans
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