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Hi ! friends please help me fast Q.A man had rupees 75000 he invested Rs 35,000 in a company which pays him 9% interest per annum and he invested rest of the money in another company which pays him 9.5 % interest per annum find the total compound interest received by him after 2 years? |
Answer» Here is your solutionGIVEN :- A man had rupees 75000 . invested RS 35,000 in a company which PAYS him 9% 75000-35000=Rs. 40000(rest amount ) To find the total compound interest received by him after 2 years:- CASE :-1Rs. 35000 at 9% interest:- A = p (1+r/100)^t A=35000 (1+9/100)^2 A= Rs 4158.3✔ Case:- 2Rs 40000 at 9.5% interest :- A=p (1+r/100)^t A=40000 (1+9.5)^2 A= Rs 47961✔ Total amount = 41583.5+47961=89544.5 Compound interest = 89544.5 - 75000 =>Rs14544.5 Hence, Total compound interest received by him after 2 years is Rs 14544.5 Hope it helps you |
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