Math, asked by KevinbennyKEVIN1708, 9 months ago

Rs 6000 for 2 years at 9% per annum compounded annually plz tell me how to solve it

Answers

Answered by kiransingh99311
1

Answer:

Step-by-step explanation:p=6000

T=2 years

R=9%

For 1st year

P=6000

T=1 year

R=9%

Therfore,I=p×r×t/100

I=6000×1×9/100

I=540

Amount at the end of 1st year =6000+540=6540

For2nd year

P=6540

T=1 year

R=9%

Therefore,I=6540×1×9/100

I=588.6

Amount at the end of 2nd year=

6540+588.6=7128.6

This will be the answer at the end please anderstand it carefully.

Answered by Anonymous
14

Answer:

:\implies\sf Amount = P  \bigg\lgroup 1   +  \dfrac{R}{100}\bigg\rgroup^{n}  \\  \\  \\

:\implies\sf Amount = 6000 + \bigg\lgroup 1 + \dfrac{9}{100}\bigg\rgroup^2 \\  \\  \\

:\implies\sf Amount = 6000  \big\lgroup 1 + 0.09\big\rgroup^2 \\  \\  \\

:\implies\sf Amount = 6000  \big\lgroup 1.09\big\rgroup^2 \\  \\  \\

:\implies\sf Amount = 6000 \big\lgroup 1.1881\big\rgroup \\  \\  \\

:\implies \underline{ \boxed{\sf Amount =Rs. \: 7128.60 }}\\  \\  \\

\therefore\:\underline{\textsf{The Amount is \textbf{Rs. 7128.60}}}.

________________________

\dashrightarrow\:\:\sf Compound \:  Interest = Amount - Principal \\  \\  \\

\dashrightarrow\:\:\sf Compound \:  Interest = 71286.60 - 6000 \\  \\  \\

\dashrightarrow\:\:\underline{\boxed{\sf Compound \:  Interest = 1128.6}} \\  \\

\therefore\:\underline{\textsf{The Compound Interest is \textbf{Rs. 112.86}}}. \\

Similar questions