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- What would be the compound interest on Rs.7700/- at 15 ¼% per annum for 2 years compounded annually
Question 1:
What would be the compound interest on Rs.7700/- at 15 ¼% per annum for 2 years compounded annually A. Rs.2725.75/-
B. Rs.2527.57/-
Feedback Principal = Rs. 7700/-
time = 2 years
rate = 15 ¼%
Amount = P(1+R/100)n
= 7700 × (1 + 61/(4 × 100)2)
= 7700 × [(1 + 61/400)2]
= 7700 × [(461/400)2)]
= 7700 × 461/400 × 461/400
= 7700 × 1.1525 × 1.1525
= 7700 × 1.32825625
= 10227.573125
C.I = 10227.573125 - 7700 = 2527.57/-
time = 2 years
rate = 15 ¼%
Amount = P(1+R/100)n
= 7700 × (1 + 61/(4 × 100)2)
= 7700 × [(1 + 61/400)2]
= 7700 × [(461/400)2)]
= 7700 × 461/400 × 461/400
= 7700 × 1.1525 × 1.1525
= 7700 × 1.32825625
= 10227.573125
C.I = 10227.573125 - 7700 = 2527.57/-
C. Rs.2227.57/-
D. Rs.2520.57/-
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