please tell me with full formula please I will follow the correct answer and mark as brilliantest
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Given➛
Rate of Growth predicted= 5% p.a
Rs given= ₹45000
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To Find➛
Find Value after a year.
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Formula Used➛
Final Value => P*R*T/100
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Solution➛
Final Value ➠P+( P*R*t/100)
P=₹45000
r=5%
t=1 year.
Final Value=> 45000+(45000*5*1/100)
➛ 45000+2250
➛₹47250...
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Answer➽
₹47250
Hence, Option b is correct ✔️
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Remember:-
If growth rate% is given and it remain same,means it doesn't change after fixed interval.Then,for such Amount formula be same as of SIMPLE INTEREST.
But if rate% Change after fixed interval then Then the amount formula will be same as of COMPOUND INTEREST.
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