Math, asked by Walisha, 1 year ago

find the compound interest when the principal is rs. 7000, the rate interest is 6% per anum and the period is 2 years

Answers

Answered by karthik961

3

Step-by-step explanation:

7000×6%=420 [CI for first year]

In CI,interest at end of year is added to principal for next year..hence next year principal is 7000+420=7420

7420×6%=447.6 [CI for 2nd year]

hence total CI=1st yr CI+2nd yr CI

Total CI=420+447.6=867.6/-

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