find the compound interest at the rate of 10% p.a. for 4 years on the principle which in 4 years at the rate of 4%p.a. gives rs 1600 as simple interest
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Answered by
3
The compound interest at the rate of 10% for 4 years is 150000.
first SI=P×R×N÷100
1600=P×4×4÷100
P=10000
A=P [1+R÷100]n
A=160000
CI=A-P
=160000-10000
CI=150000
first SI=P×R×N÷100
1600=P×4×4÷100
P=10000
A=P [1+R÷100]n
A=160000
CI=A-P
=160000-10000
CI=150000
helloashmita:
thanks
Answered by
28
Here is your answer
Let the principal is x
R = 4%p.a
T = 4 years
SI = Rs 1600
As we know the formula
SI = PRT/100
Hence principal is Rs 10000
R = 10% p a
T = 4 years
n= 4
AS we know the formula
A = P(1+ R/100)^n
Hence A = 14641
Now
CI = A - P
= 14641 - 10000
= 4641
Therefore Compound interest is Rs 4641
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