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The sum of money which earns CI of 612 in 2 years at 4%p.a co.pounded annually |
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Answer» Answer: Compound interest 2 YEARS =Rs. 315 Let principal=Rs. P Amount =Principal+Interest =Rs. P+315 A=P(1+R/100) n
P+315=P(1+10/100) 2
=P(11/100) 2
P+315=121P/100 100P+31500=121P 21P=31500 P=1500 Principal is Rs. 1500 Simple interest=P×R×T/100 S.I=1500×10×2/100 S.I=30000/100 S.I=300Rs. Simple interest for 2 years at 10% on Rs. 1500 is Rs. 300. Step-by-step explanation: HOPE it's helpful |
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