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ICSE Class 9 Answered

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Asked by aasthasinghvi233 | 05 Aug, 2020, 03:19: PM
answered-by-expert Expert Answer

Let principal (p) = Rs. 100

For 1st year

P = Rs. 100

R = 10%

T = 1 year

Selina Solutions Icse Class 9 Mathematics Chapter - Compound Interest Without Using Formula

 

A = 100 + 10 = Rs. 110

For 2nd year

P = Rs. 110

R = 11%

T = 1 year

Selina Solutions Icse Class 9 Mathematics Chapter - Compound Interest Without Using Formula

A = 110 + 12.10 = Rs. 122.10

If Amount is Rs. 122.10 on a sum of Rs. = 100

If amount is Rs. 1, sum = fraction numerator 100 over denominator 122.10 end fraction

If amount is Rs. 6593.40, sum = fraction numerator 100 over denominator 122.10 end fraction cross times 6593.4 = Rs. 5400

Answered by Renu Varma | 06 Aug, 2020, 11:23: AM

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