find the compound interest on ₹ 1500 for 4yrs at 4%pa.
Answers
Answered by
1
Answer:
Interest on Rs.1500 in first year
= 1500×5100 = Rs.75.00
Interest on Rs.1575 in second year
= 1575×5100 = Rs.78.75
Answered by
1
Answer:
USING FORMULA:
A = P ( 1 + 4/100 ) ^ 4
= 1500 ( 104/100 ) ^ 4
= 1500 * 104/100 * 104/100 * 104/100 * 104/100
= 15 * 104 * 104/100 * 26/25 * 26/25
= 3 * 104 * 104/20 * 26/25 * 26/25
= 312 * 26/5 * 26/25 * 26/25
= 312 * 26 ^ 3 / 25 * 5
= 312 * 17576 / 5 * 625
= 5483712/3125
= 1754 . 8 Rs. approx.
SUCCESSIVE METHOD:
4% of 1500 = 60
1500 + 60 = 1560
4% of 1560 = 62.4
1560 + 62.4 = 1622.4
4% of 1622.4 = 64.896
1622.4+ 64.896 = 1687.296
4% of 1687 = 67.49184
1687.296 + 67.49184 = 1754.78784 = 1754.8 approx.
HOPE IT HELPS:)
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