WHAT IS THE FORMULA FOR CALCULATING C.I
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Answered by
1
s.I +principal. for no. years.
e.g c.I for 1000 for 2 yes at 10% interest
=1st year 1000×10÷100
=100+1000=1100
=2nd year =1100×10÷100=110
C.I =100+110=210
c.i =210
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e.g c.I for 1000 for 2 yes at 10% interest
=1st year 1000×10÷100
=100+1000=1100
=2nd year =1100×10÷100=110
C.I =100+110=210
c.i =210
send thanks mark as brainlist answer
Answered by
0
CI=P-(1+r/100)Whole raise to n - P
N is the no of years, p is principal and r is rate per annum
N is the no of years, p is principal and r is rate per annum
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