ICSE Class 9 Answered
Calculate the amount of rupees 30000 at the end of 2 years 4 months, compounded annually at 10% per annum.
Asked by harendrasinghpandura | 20 Oct, 2020, 12:01: PM
Expert Answer
Since we have given that
Principal = Rs. 30000
Rate of interest = 10% p.a.
Time = 2years and 4 months which is equal to 7/3 years
First we calculate the amount for 2 years using the Compound interest formula:
Principal = Rs. 30000
Rate of interest = 10% p.a.
Time = 2years and 4 months which is equal to 7/3 years
First we calculate the amount for 2 years using the Compound interest formula:
So the total 36300+1210
=37510
Answered by Utkarsh Lokhande | 20 Oct, 2020, 02:43: PM
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