Find the compound interest for 1 year when P=rs 1000 for a year at 45%p.a
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i hope this is helpful for u
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medhansh17goyal:
The question is of CI not SI sir
ohh yea u r right
i have not read the question propeerly
but anseer is same
Its the formula which fetches you marks
Answered by
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Answer:
Answer is RS 450
Step-by-step explanation:
For simple understanding CI for one year is same as Si for one year. But its not the same for the subsequent years.
But you need to apply the formula i.e.
P + CI = P(100+r/100)^n
therefore
P + CI= 1000 * (100+45/100)^1
= 10 *145 = Rs 1450
Now,
CI= Rs 1450-P
= Rs 1450-Rs1000
=Rs450
Hence solved.
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