Find the compound interest for the
following, using the first principles.
(i) 4000 at 10% p.a. for 2 years
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Answered by
10
Answer:840 rupees
Step-by-step explanation:
1st yr
principal=4000 rupees
rate of interest=10%
time=1yr
Interest=p*t*r/100
=4000*1*10/100
=400
amount=principal+ interest
=4400
1st yr amount=2ndyr principal
principal=4400
rate of interest=10%
time=1yr
interest=4400*10*1/100
=440
amount=4840
C.I=final amount-original principal
=4840-4000
=840 rupees
I could find only one principal in your question!!
hope it helps !!
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