To start a business Shalaka has taken a loan of `8000 at a rate of 10 1/2 p.c.p.a. After two years how much compound interest will she have to pay?
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Answered by
110
Hi ,
It is given that ,
principal ( p ) = Rs 8000
Rate of interest ( R ) = 10½ % p.a = 21/2 yrs
Time ( T ) = 2 years
number of times interest paid = n = 2
Amount = A
A = P( 1 + R/100 )ⁿ
A = 8000 ( 1 + 21/200 )²
A = 8000 ( 221/200 )²
A = ( 8000 × 48841 )/ 40000
A= Rs 9768.20
Compound Interest ( C . I ) = A - P
= Rs 1768.20
I hope this helps you.
: )
It is given that ,
principal ( p ) = Rs 8000
Rate of interest ( R ) = 10½ % p.a = 21/2 yrs
Time ( T ) = 2 years
number of times interest paid = n = 2
Amount = A
A = P( 1 + R/100 )ⁿ
A = 8000 ( 1 + 21/200 )²
A = 8000 ( 221/200 )²
A = ( 8000 × 48841 )/ 40000
A= Rs 9768.20
Compound Interest ( C . I ) = A - P
= Rs 1768.20
I hope this helps you.
: )
Answered by
9
Answer:
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Step-by-step explanation:
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