( The sum of annual and semiannual compound interest of a certain amount of money at the interest rate of 10% per annum is Rs 3240 find the principal.)
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Work hard yourself Dattebayo
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Work hard yourself Dattebayo You should never go back on your word Never give up NO PAIN NO GAIN
Work hard yourself Dattebayo You should never go back on your word Never give up NO PAIN NO GAIN COME ON I BELEIVE IN YOU .
Work hard yourself Dattebayo You should never go back on your word Never give up NO PAIN NO GAIN COME ON I BELEIVE IN YOU .
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Answer:
P = 16000
Step-by-step explanation:
r = 10%
Assuming the period is 1 year for both annual and semi-annual CI,
given CI = 3240
CI = P[( 1 + r)^t - 1]
Here,
CI = P[( 1 + 0.1)^1 - 1] + P[( 1 + 0.05)^2 - 1]
= P[ 0.1 + 0.1025)
3240 = 0.2025P
P = 16000
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