Find the compound interest for Rs. 48.000.
for 1 year at the rate of 8 p.c.p.a
Answers
Answered by
0
Answer:
A=48000(1+8/100)¹
48000*108/100
480*108
48640=A
CI=A-P
48640-48000
640
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Answered by
1
Answer:
Principle=48000
time = 1year
rate = 8%
Amount = P(1+R/100)^t
=48000(1+8/100)^1
=48000(29/25)
=48000×29/25
=1920×29
=55680
CI=A-P
=55680-48000
=7680
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