Find the compounds interest on rupees 90 6 per annum 2 years
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Answer:
The answer is 11.124.
Step-by-step explanation:
I think the answer is 11.124
Here, it is given
P = Rs. 90
R = 6%
T = 2 years
(1) st year
I = P × R × T
100
=
=
=
A = P+I
= 90+5.4
= 95.4
(2)nd year
I =
=
=
A = P+I
= 95.4 + 5.724
= 101.124
CI = A - P
=
=
The answer is 11.124
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