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Step-by-step explanation:
Compound Interest nikalna h n
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Answer:
1. Interest after 5 years on 5,575/- would be 3,345/-
2. Amount after 2 years would be 15,600 and interest would be 5,850/-
Step-by-step explanation:
1. Formula to calculate simple interest :
I = interest
P = Principal amount ( 5575/-)
r = Rate of interest 12% = 12/100 ( 0.12)
t = time (5 years)
Now put the values into formula
I = 5575 × 0.12 × 5
= 3,345/-
Ans : Interest would be 3,345/- after 5 years
2. Principal amount = 9,750/-
Rate of interest = 2.5% per month = 12 × 2.5 = 30% per year
time = 2 years
Formula of simple interest :
A = P(1+rt)
A = 9,750( 1 + 0.30 × 2)
= 9,750 (1 + 0.60)
= 9,750 × 1.6
= 15,600/-
Interest = Amount - Principal
I = 15,600 - 9750
= 5,850/-
Interest would be 5,850/- and future amount would be 15,600/-
You can learn more on simple interest : https://brainly.in/question/13139787
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