On which principal will the compound interest be Rs 306 in 2 years at 4% per annum.
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Answered by
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We need to get the time.
The time is as follows :
3rd April = 1 month
3rd May = 1 month
3rd June = 1 month
3rd july = 1 month
3rd july to 27th July = 24 days
in months we have = 24/31 = 0.77419
Total time = 4.77419 months
Simple interest = Principle × rate × time
= 306.25 × 4.77419/12 × 3.75/100
= rs 4.569
Answered by
2
Answer:
hii mate here is your answer ⏬⏬⏬
p=306
n=2
r=4%
=p(1+r/100)²
=306(1/1+4/100)²
=306(105)²
=306×105/100×105/100
=337.365.
please mark it as brainlist answer ⭐⭐
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