Calculate compound interest where P = 1000, R= 10 p.c.p.a. , N = = 2 years​

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Calculate compound interest where P = 1000, R= 10 p.c.p.a. , N = = 2 years​

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Caroline 1 year 2021-07-17T15:30:21+00:00 1 Answers 0 views 0

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    2021-07-17T15:31:52+00:00

    QUESTION :-

    find the compound interest if Rs 1000 are invested for 2 years at this rate of 10 p.c.p.a.

    ANSWER:-

    p=Rs.1000

    r = 14%

    t(n)=2Years.

    .°. p(1+r/100)^t

    .°. 1000(1+14/100)²

    .°. 1000(1+7/50)²

    .°. 1000(1+57/7)²

    .°. 1000 × 57×57/ 7×7

    .°. 142.85 ×3249 ×7

    .°. 20.40 ×3249

    .°. Rs.66,279.6

    HENCE,

    .°. compound interest is Rs.66,279

    HOPE IT HELPS

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