Rs 6000 for 2 years at 9% per annum compounded annually plz tell me how to solve it
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Answered by
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.
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14
Answer:
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