rupees 9000 for 2 years 4 months at 10% per annum compounded annually
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Answered by
5
Answer:
Interest = Rs. 2253
Amount = Rs. 11,253
Step-by-step explanation:
Principal = 9000
Rate of interest = 10%
Time = 2 years 4 months
Interest first year
= (9000 × 10 × 1) ÷ 100
= 900
Amount = 9000 + 900 = 9900
Interest second year
= (9900 × 10 × 1) ÷ 100
= 990
Amount = 9900 + 990 = 10,890
Interest for last 4 months
= (10,890 × 10 × 1/3) ÷ 100
= 363
Amount = 10,890 + 363 = 11,253
So, Total Interest = 900 + 990 + 363 = Rs. 2253
Total Amount = 9000 + 2253 = Rs. 11,253
Answered by
2
Answer:
Hey mate here is your answer
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