rs 600 for 2 years at 9% per annum compound annually
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if it is finding simple interest then the answer is rs 108 as simple interest = principal× rate × time ÷ 100
I hope its correct
I hope its correct
alishbakhan:
compound interest
oh i dont know about compound interest
we have to find
ok
is compound interest also known as simple interest
A= p(1+r/100)n
oh k tq
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here P =rs600
T=2 years
R=9%
then at first you know
Amount=P(1+r/100)2
=600(1+9/100)2
=600×109/100+109/100
=71286/100 =712.86
A=712.86. P=600rs
C.I=. Amount-Principal
so, 712.86-600 =112.86rs. answer=112.86rs
T=2 years
R=9%
then at first you know
Amount=P(1+r/100)2
=600(1+9/100)2
=600×109/100+109/100
=71286/100 =712.86
A=712.86. P=600rs
C.I=. Amount-Principal
so, 712.86-600 =112.86rs. answer=112.86rs
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