calculate the compound Interest on 10000 rupees for 1 year if the inte – InterviewSolution

1.	calculate the compound Interest on 10000 rupees for 1 year if the interest is payable hal yearly at the rate of 4% per annum
Answer» 400Step-by-step EXPLANATION:given,PRINCIPAL Is 10000time Is 1 YEARRATE is 4%A=p(1+R/100)TA=10000(1+4/100)1A=10000(26/25)1A=10000×26/25A=400×26/1A=10400Therefore C.I =A-PC.I=10400-10000C.I=400

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