Find the compound interest for the
following, using the first principles.
(1) 15,000 at 10% p.a. for 1-years
2
Answers
Answered by
34
Answer:
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Step-by-step explanation:
Given
Principal (P) = Rs 15000
Rate (R) = 10% p.a.
Period (n) = 2 years
Hence,
Amount (A) = P {1 + (R / 100)} ^ n
= Rs 15000 {1 + (10 / 100)} ^ 2
On further calculation, we get,
= Rs 15000 × (11 / 10) × (11 / 10)
We get,
= Rs 18150
Therefore,
Compound interest = Amount – Principal
= Rs 18150 – 15000
We get,
= Rs 3150
Answered by
0
Answer:
for how many years? 1/2 year or 1 year or 2? I'm asking because you have wrote 1-years 2
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