Question

Find the compound interest on Rs. 12,000 in 1 years at 20% per annum Compound​

Answer 1

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Find the compound interest on Rs. 12,000 in 1 years at 20% per annum Compound

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GIVEN,

$\longmapsto\tt{PRINCIPLE = RS .12000}$

$\longmapsto\tt{TIME (N) = 2 YEAR.}$

$\longmapsto\tt{RATE= 20 PERCENT.}$

NOW ,

$\longmapsto\tt{A=P \: \dfrac{1 + r}{100}n}$

$\longmapsto\tt{A= 12000(\dfrac{1 + 2}{100}) \: 2}$

$\longmapsto\tt{A= 12000=(\dfrac{1 + 1}{5})2}$

$\longmapsto\tt{A= 12000=(\dfrac{6}{5})2}$

$\longmapsto\tt{A= 12OOO= \times \dfrac{36}{25}}$

$\longmapsto\tt{A=172,80}$

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