Question

the compound interest on rs 540 at 16*2/3 per annum for 2 years is​

Answer 1

Answer:

by formula

A=p(1+r/100)^t

540(1+50/300)^2

540(7/6)^2

30×7×7

rs 1470

C.i. = A-P

= 1470-540

=rs930

Answer 2

Answer:

The correct answer to this question is $195rs$

Step-by-step explanation:

Given - The compound interest.

To Find - The compound interest on rs 540 at 16*2/3 per annum for 2 years.

The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: If you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year.

The compound interest on rs $540$

 P = rs. $540$

Per annum rate =

$R = 16 \frac{2}{3}$  $= 50/3$

Time = $2 yrs$

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

$= 540 (1+50/3 * 100)^{2} =540 * ( 1+ 1/6)^{2}$

$540$ × $7/6$ × $7/6$

$=735$

$CI = A-P=735 - 540= 195 rs.$

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