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Answers
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Hello,
- P = ₹ 1000
1000 R = 10 %
% T = 1 year
Simple Interest = P × R × T
—————
100
= 1000 × 10 × 1 / 100
= 10000
———— = ₹ 100
100
2. If the interest is compounded half yearly, then you
will have to apply this formula :—
C.I = P ( 1 + {R/2}/100) t
3. C.I = P ( 1 + R / 100) t
5700 = 5000 ( 1 + R / 100) 1
5700 = 5000 ( 100 + R) 1
—————
100
5700 = 5000 ( 100 + R )
—————
100
5700 – 5000 = 100 + R / 100
700 = 100 + R / 100
700 × 100 = 100 + R
70000 = 100 + R
70000 – 100 = R
69900 = R
4. C.I = P ( 1 + R/100) t
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