Find the compound interest on rs.1500for 4years at 12%
Answers
Answered by
6
Step-by-step explanation:
Given:
Principal(P)=1500
Rate of interest(r)=2%
Number of years=2(semiannually)
Formula:
Amount(A)=P(1+
100
r
)
2
⇒A=1500(1+
100
2
)
2
⇒A=1500×(1.2)
2
⇒A=2160
Compound Interest=A−P
=2160−1500
=660
Therefore, compound interest=660.
Answered by
3
Step-by-step explanation:
A force arises due to the interaction between two objects. Force has magnitude as well as direction. A change in the speed of an object or the direction of its motion or both implies a change in its state of motion. Force acting on an object may cause a change in its state of motion or a change in its shape.
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