given P-45000 R- 12% pa for 5 years find CI
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Answer:
34,290
Step-by-step explanation:
formula :- P[(1+R/100)^T-1]
given,
P=45,000
R=12%
T=5 yrs
putting the values in the formula.
=45,000[(1+12/100)^5-1]
=45,000[(112/100)^5-1]. [taking LCM]
=45,000[(28/25)^5-1]
=45,000[(1,72,10,368/97,65,625)-1]. [solving power]
=45,000[(1,72,10,368 - 97,65,625) / 97,65,625] [LCM]
=45,000[7444743/9765625]
=45,000 × 0.762
=34,290.
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