Math, asked by manya6297, 1 year ago

The compounded interest, if a sum of 7000 is borrowed for 1 year at the rate of 8% per annum is

Answers

Answered by debtwenty12pe7hvl

1

principal [P] =Rs 7000

rate [R] of 8% per annum

time [T] =1 year

c i for 1 year =si =P*T*R /100

⇒7000 *8*1 /100 = Rs 560

The compounded interest is Rs 560 ANS

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