P=?; R=2 1/2p.c.p.a. ; T=5years ; l = Rs 2,400 ; A = ?
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FINAL ANSWER:
A=24000
P=26400
GIVEN:
R=2 1/2p.c.p.a
T=5years
l = Rs 2,400
TO FIND:
P=?
A = ?
FORMULAS USED:
SOLUTION:
[∵ as we get P , so now let's find A]
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simran77844:
ok thanks
A = Rs 12,600
P = Rs 91,200
A = Rs 21,600
r = R/100 = 8%/100 = 0.08 per year.
Solving our equation:
A = 2500(1 + (0.08 × 2)) = 2900
A = $2,900.00
The total amount accrued, principal plus interest, from simple interest on a principal of $2,500.00 at a rate of 8% per year for 2 years is $2,900.00.
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