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in how much time will rupees 4000 amount to rupees 5200 with simple interest @ 10%? Which is same time period at rate with the compound interest on the same principal |
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Answer» P = Rs. 4000 A = Rs. 5200 SI = A - P = 5200 - 4000 SI = Rs. 1200 R% = 10% T = ? SI = (P*T*R)/100 1200 = (4000*T*10)/100 12 = 4T T = 3 Years Case 2: CI CI = A - P A = P * (1+(R/100))^T A = 4000 * (1 + (10/100))^3 A = 4000 * (110/100) * (110/100) * (110/100) A = Rs. 5324 CI = 5324 - 4000 CI = Rs. 1324 Answer: Time Period = 3 Years Compound INTEREST for same TP and Rate = Rs. 1324 |
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