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ICSE Class 9 Answered

calculate ci on 9000 for 2 year at 12%p.a
Asked by payalpshah10 | 28 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 | 29 Jun, 2021, 11:32: AM

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