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Find the compound interest of amount rs 24000 |
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Answer» METHOD 1: Without formula PRINCIPAL = Rs 24000 Interest RATE = 15% At the end of 1 year: Principal + Interest = 24000 + (0.15 X 24000) = Rs 27600 At the end of 2 year: Principal + Interest = 27600 + (0.15 x 27600) = Rs 31740 At the end of 2 1/3 year: Principal + Interest = 31740 + 1/3 (0.15 x 31740) = Rs 33327 Compound Interest = 33327 - 24000 = Rs 9327 Answer: Compound Interest = Rs 9327 ---------------------------------------------------------------------------------------------------- METHOD 2 : With Formula Amount = 24000 × (1 + 15/100)² × [1 + (1/3 × 15)/100] Amount = Rs 33327 Compound Interest = 33327 - 24000 = Rs 9327 Answer: Compound Interest = Rs 9327 ---------------------------------------------------------------------------------------------------- please MARK me as the brainliest and click thanks
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