Question

The compound interest on ₹540 at 16⅔ per annum for two years is?
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Answer 1

Step-by-step explanation:

P = rs. 540

R = 16 ⅔

= 50/3

T = 2 yrs

A = P( 1+r/100)^n

= 540(1+50/3×100)²

=540×( 1+ 1/6)²

=540×7/6 ×7/6

=735

CI = A-P

=735 - 540

= 195 rs.

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Answer 2

Compound Interest is 195 rupees.

GIVEN: Principal = 540; Rate = 50/3; Time Period = 2 years

TO FIND: Compound Interest

SOLUTION:

We need to find the compound interest on the principal amount of 540 in two years. Interest that is earned on the principal amount is known as compound interest.

Principal Amount = 540

Rate = 50/3

Time period = 2 year

A = P ( 1 + R/100)ⁿ

   = 540 ( 1 + 50/3* 100)²

  = 735

Compound Interest = A - P

                                = 735 - 540

                               = 195

Compound Interest is 195 rupees.

PROJECT CODE #SPJ2

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