calculate ci on 9000 for 2 year at 12%p.a

Asked by payalpshah10 | 28th Jun, 2021, 04:30: PM

Expert Answer:

Given: P = Rs. 9000, R = 12% and N = 2 years
Amount space left parenthesis straight A right parenthesis equals straight P open parentheses 1 plus straight R over 100 close parentheses to the power of straight N equals 9000 open parentheses 1 plus 12 over 100 close parentheses squared
equals 9000 cross times 112 over 100 cross times 112 over 100
equals fraction numerator 9 cross times 112 cross times 112 over denominator 10 end fraction
equals Rs. space 11289.6
Compound space Interest space straight C. straight I. space equals space straight A minus straight P space equals space 11289.6 minus 9000 space equals space Rs. space 2289.6

Answered by Renu Varma | 29th Jun, 2021, 11:32: AM