Math, asked by nmane180, 11 months ago

If the CI on a sum of money for 3 years at the
rate of 2 % per annum is 306.04, then what
will be the SI?

Answers

Answered by preetkaur9066

2

Answer:

Rs 300 Answer

Step-by-step explanation:

c.i = p[ (1 + r/100)^t - 1 ]

306.04 = p[ ( 1 + 2/100)^3 - 1]

306.04 = p[ (1.02)^3 - 1]

306.04 = 0.061208p

p = Rs 5000

S.i = 5000 × 2 × 3/100.

s.i = Rs 300 Answer

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