Question

If A=. 10000. n=. 18. Yrs. R=. 4%. Pa. Ci. P. Will. Be

Answer 1

Answer:

Solutions :-

Given :

Amount (A) = Rs 10,000

Time (n) = 18 years

Rate (r) = 4% p.a

Find the principle (p) :-

A = p (1 + r)^n

10,000 = p (1 + 4%)^18

10,000 = p ( 1 + 0.04)^18

10,000 = p (1.04)^18

10,000 = p × 2.0258165154

2.0258165154p = 10,000

p = 10,000/2.0258165154 = 4936.28 approx.

Find the Compound Interest (C.I) :-

C.I = A - p

= Rs (10,000 - 4936.28)

= Rs 5063.72

Hence,

Principle = Rs 4936.28

Compound Interest = Rs 5063.72

Step-by-step explanation:

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