Math, asked by ashmit9042, 10 months ago

The simple interest on a certain sum at 12% p.a for 2 years is ₹1440. Find the amount due

and compound interest on this sum at the same rate after 2 years interest being compounded

annually.​

Answers

Answered by sam03sairam
0

Answer:

SI= ₹1440 ; R= 12% ; T= 2 years

P= 100 x SI / R x T

  = 100 x 1440 / 12 x 2

  =₹6000

CI = ₹6000(1+12/100)(1+12/100)

    = 6000(28/25)(28/25)

     =₹7526.40

Please check if its correct, I hope I managed to help you

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