what will be the interest earned on 1400 for 2 years if the interest is compounded annually at 10% per annum
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Answered by
2
amount= p(1+r/100)^n
=1400(1+10/100)²
=1400(1+1/10)²
=1400(11/10)²
=1400x121/100
=14x121
=1694
CI=amount-p
CI=1694-1400
CI=294 ans ☺
=1400(1+10/100)²
=1400(1+1/10)²
=1400(11/10)²
=1400x121/100
=14x121
=1694
CI=amount-p
CI=1694-1400
CI=294 ans ☺
Answered by
1
Hope it will help you
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Don't forget to found difference of Principal from amount
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