math please answer fast
Answers
Step-by-step explanation:
1) A= P(1+r/100)n
A= 45000* 116/100*116/100*116/100
A= 70240.35
CI = A-P
CI = 70240.32-45000
CI = 25000.32
FORMULA TO USE :-
Question 1 :-
Given :-
Principal = ₹45000
Time = 3 years
Rate = 16% compounded annually.
To find :-
Compound interest
By substituting the values,
By reducing to the lowest terms,
Compound interest :- Amount - Principal
CI = ₹70240.32 - ₹45000
CI = ₹25,240.32
Question 2 :-
Given :-
Compound interest = ₹287
Time = 2 years
Rate = 5% per annum
To find :-
Amount.
Let the principal be ₹x.
As we know that Compound interest = Amount - Principal,
Amount = Principal + Compound interest
substituting the values,
By reducing to the lowest terms,
By transposing x to the LHS (Left Hand Side),
By cross multiplication,
By transposing 400x to the RHS (Right Hand Side),
Transposing 41 to the LHS (Left Hand Side),
Therefore,
Amount = ₹3087 + ₹287
Amount = ₹ 3,374
Some more forumulas :-
When interest is compounded half-yearly :-
When interest is compounded quarterly :-