simple interest on a sum of money for 2 years at 4% is 450 Rs . Find compound interest on the same sum and at same rate for 2 years.
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Answered by
25
simple intrest= 450rs.
time= 2 years
rate of interest= 4% p.a.
principal = x
according to question
simple intrest= x*time*rate of interest
_________________
100
= ₹450= x*2*4
____
100
x= 100*450
_______
2*4
x= 5625
time= 2 years
rate of interest= 4% p.a.
principal = x
according to question
simple intrest= x*time*rate of interest
_________________
100
= ₹450= x*2*4
____
100
x= 100*450
_______
2*4
x= 5625
Preet1984:
wrong
Answered by
23
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