find the compound interest on Rs1600 at 29/4℅p.a.for two years
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Answered by
1
P = ₹1600
T = 2 YEARS
R = 29/4 %
Simple interest = P*R*T/100
=1600*2*29/4*100
= ₹ 232
CI = P + SI
= 1600 + 232
= ₹1832
T = 2 YEARS
R = 29/4 %
Simple interest = P*R*T/100
=1600*2*29/4*100
= ₹ 232
CI = P + SI
= 1600 + 232
= ₹1832
ashutosh000gmailcom:
CI =A-P not P+SI
A - P = SI
Answered by
6
find the compound interest on Rs1600 at 29/4℅p.a.for two years=240.41
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