find the compound interest on rupees 11235 upon 2% per annum for 2 years
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given the principal,=11235 and rate of interest = 2%per annum and time =2year
now ,according to the formula of finding amount we will find the amount.
so the formula = p(1+r÷100)^t or n
= 11235(1+2÷100)^2
=11235( 1+1÷50)^2
=11235(51÷50)^2
=11235×51×51÷50×50
=11235×2601÷2500
=29222235÷2500
=11688.89 or 11688.894
so the amount is 11688.894.
now the c.i = A-P
=11688.894 - 11235
=453.894
so the interest is 453.894
"hope it will help you"
now ,according to the formula of finding amount we will find the amount.
so the formula = p(1+r÷100)^t or n
= 11235(1+2÷100)^2
=11235( 1+1÷50)^2
=11235(51÷50)^2
=11235×51×51÷50×50
=11235×2601÷2500
=29222235÷2500
=11688.89 or 11688.894
so the amount is 11688.894.
now the c.i = A-P
=11688.894 - 11235
=453.894
so the interest is 453.894
"hope it will help you"
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