Math, asked by sanikapatil2005, 1 year ago

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 bossprashanth2

Answer:208

Step-by-step explanation:

1st year already calculated = 5200

now we calculate for second year

R =4%

4/100*5200=208

sanikapatil2005: It is wrong bro

sanikapatil2005: Answer is 208 but I also don't know how???

bossprashanth2: ok i ll recheck once

bossprashanth2: 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 8j14saumyashinde

Answer:

here you go.

r=4%

ci= 208

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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

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........