find the compound interest on 6500 for two years at 9% per annum
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We have,Principal,
P = Rs. 6500Rate,
R = 9%
p.a.Time, n = 2 yrs
Amount, A = P[1 + R100]n =6500 [1 + 9100]2 =6500 × 109100×109100= Rs 7722.65CI
= A − P
= 7722.65 − 6500
= Rs 1222.65
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P = Rs. 6500Rate,
R = 9%
p.a.Time, n = 2 yrs
Amount, A = P[1 + R100]n =6500 [1 + 9100]2 =6500 × 109100×109100= Rs 7722.65CI
= A − P
= 7722.65 − 6500
= Rs 1222.65
Was this answer helpful?
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