Find the compound interest on Ra 7000 at 10 percent after 2years
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Answered by
1
Hey there
The formula for compound interest is :
[P (1 + R/100)^N ] - P
Hence ....
C.I = 7000( 1 + 10/100)^2 - 7000
= 7000 ( 11/10)^2 - 7000
= 7000 × 121 / 100 - 7000
= 8470 - 7000
= Rs. 1470
Hope this helps ..
The formula for compound interest is :
[P (1 + R/100)^N ] - P
Hence ....
C.I = 7000( 1 + 10/100)^2 - 7000
= 7000 ( 11/10)^2 - 7000
= 7000 × 121 / 100 - 7000
= 8470 - 7000
= Rs. 1470
Hope this helps ..
Answered by
0
Hope it help you please send a thank you
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