If amount
Rs 9261 and interest = Rs 1261, then principal =
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Step-by-step explanation:
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Answer:
The amount is Rs.9261.
The compound interest is Rs.1261.
Step-by-step explanation:
Given : Principal is Rs.8000 rate of interest is 10% half yearly and time is 3/2 years.
To find : Calculate the amount and compound interest ?
Solution :
The compound interest formula is
Where, A is the amount
Here, P=Rs.8000 is the principal
r = 10%=0.1 is the interest rate
is the time in years.
n is the compounded year n=2
Substitute the values,
The amount is Rs.9261.
The compound interest is
The compound interest is Rs.1261.
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