Question

given P-45000 R- 12% pa for 5 years find CI

Answer 1

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.

here, your answer.

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