the compound interest for 200 rupees for 2 years at the rate 10 p.c.p.a is rupees
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your answer is 40
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Given :200 rupees for 2 years at the rate 10 p.c.p.a
To Find : compound interest
Solution:
P = 200
R = 10
n = 2
A = P ( 1 + R/100)ⁿ
compound interest = A - P
A = 200 ( 1 + 10/100)²
=> A = 200 ( 11/10)²
=> A = 200 ( 121/100)
=> A = 242
compound interest = 242 - 200 = Rs 42
the compound interest for 200 rupees for 2 years at the rate 10 p.c.p.a is rupees 42
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