Find the Interest on Rs 7000 at 9% rate of interest for 6 years.
Answers
Answered by
2
Answer:
nhi pata hai
Step-by-step explanation:
just for free points
pls mark me brainliest and pls follow me
Answered by
2
Answer:
Step-by-step explanation:
Principal =7000, R =4%, n =2 (semiannually compounded),
t =3 years
Using the formula, we have
A=P(1+
100
R
)
n.t
⇒A=7000(1+
100
4
)
2×3
⇒A =7000×(1.04)
6
⇒A =7000×1.26531902
Amount =8857.23
Compound interest = Amount − Principal
=8857.23−7000
Compound interest =1857.23
Similar questions