What is the compond intrest on rs.48000for two years 20%p.a..if intres

1.	What is the compond intrest on rs.48000for two years 20%p.a..if intrest is compoundede annually
Answer» Answer: GIVEN: 1)P= rs.48000 2)R= 20%p.a 3)n=2years By using formula, A=P[1+r/100]^n A=48000×[1+20/100]^2 A=48000×[1+1/5]^2 A=48000×6/5×6/5 A=6×6×1920 A=69120 Now, C.I.=Amount-Principal C.I.=69120-48000 C.I.=21120

What is the compond intrest on rs.48000for two years 20%p.a..if intrest is compoundede annually

Answer»

Answer:

GIVEN:

1)P= rs.48000

2)R= 20%p.a

3)n=2years

By using formula,

A=P[1+r/100]^n

A=48000×[1+20/100]^2

A=48000×[1+1/5]^2

A=48000×6/5×6/5

A=6×6×1920

A=69120

Now,

C.I.=Amount-Principal

C.I.=69120-48000

C.I.=21120

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What is the compond intrest on rs.48000for two years 20%p.a..if intrest is compoundede annually

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