find the compound interest on the following principal =2800, rate%p.a.=10%,number of years =1 by 1 upon 2
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3
Answer:
bro add years is 2 years then use formula
time=1/1÷2
=2÷1
Answered by
7
Answer:
Compound interest for 121 year =
C.I. for 1 year + C.I for 21 year tacking
new amount.
∴A1=P(1+100R)n=2800(1+10010)1
A1=3080Rs
A2=A1(1+100R/2)2n (for half yearly).
A2=3080(1+10010/2)21×2=3080×(1.05)1
A2=3234Rs
∴C.I.=A2−P=3234−2800=434Rs
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