Seema invests 5000 compounded yearly.At the end of one year it amounts to 5200 at a rate of interest of 4%. Calculate:
The CI for the second year.
Pls help it's urgent........
Answers
Answered by
4
Answer:208
Step-by-step explanation:
1st year already calculated = 5200
now we calculate for second year
R =4%
so
4/100*5200=208
sanikapatil2005:
It is wrong bro
Answer is 208 but I also don't know how???
ok i ll recheck once
now check it this method is called traditional method for calculating for next year u have to just add 208 with principle and calculate the same hope it helps
Answered by
2
Answer:
here you go.
r=4%
ci= 208
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