The cmpound interest on rs.4000 at the rate of 10% for 2 years is
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Answered by
1
CI = Principal (1 + rate/100)^t - Principal
= 4000 (1 + 10/100)^2 - 4000
= 4000 ( 1 + 1/10) ^2 - 4000
= 4000 ( 11/10) 2 - 4000
= 4000 * 11/10 * 11/10 - 4000
= 4840 - 4000
= 840
Answered by
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compound interest=P[1+R/100]^N
=4000[1+10/100]^2
=4000[11/10]^2
=4000×11/10×11/10
=40×11×11
=440×11
=4840
compound interest is rs4840
hope it is useful for you
=4000[1+10/100]^2
=4000[11/10]^2
=4000×11/10×11/10
=40×11×11
=440×11
=4840
compound interest is rs4840
hope it is useful for you
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