the simple interest on a sum of money at 12% per annum for 1 year is 900.find the sum and the compound interest on this sum form1 year,payable half yearly at the same time
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Answered by
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Step-by-step explanation:
SI=PRT/100
900=P×12×1/100
900×100/12=P
P=₹7500
A=P(1+R/100)²
A=7500(1 +12/100)²
A=7500×112/100 ×112/100
A=₹9408
CI=A-P
CI=9408-7500
CI=₹1908
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Answer:
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Step-by-step explanation:
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