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please ANS THIS Question.that is in the attachment....
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AMOUNT = RS 26460
COMPOUND INTEREST = RS 2460
Please refer the above photograph for the used process.
KEY POINTS TO REMEMBER :-
☸️ Rate of Interest :-
Anything which is given like - 30 paisa per rupee per annum means that the rate of interest is equal to 30% per annum.
For example :-
45 paisa per rupee per annum = 45% per annum.
50 paisa per rupee per annum = 50% per annum.
32 paisa per rupee per annum = 32% per annum.
And so on.
☸️ If the interest is calculated half yearly or quarterly, Time must be converted.
For example :-
1 year = 4 quarters and 2 half years.
So,
1 quarter = 3 months
1 half year = 6 months.
☸️ Rest all is same as in compound interest and the amount formula.
Thanks!
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BloomingBud:
Awesome answer
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