Nitin invested Rs7000 in share for 2 years at the rate of 12% per annum compound annually. What is the compound interest that nitin gets aft

Question

Nitin invested Rs7000 in share for 2 years at the rate of 12% per annum compound annually. What is the compound interest that nitin gets after 2 years.?

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Amelia 4 weeks 2021-08-18T17:47:30+00:00 2 Answers 0 views 0

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    0
    2021-08-18T17:48:43+00:00

    Answer:

    p= Rs 7000

    t = 2year

    rate =12% per annum.

    A =p(1+R/100)t

    A= 7000 (1+ 12/100) 2

    A=7000(1/1+3/25)2

    A=7000[28/25]2

    A= 7000 ×28/25 ×28/25

    A=8780.8

    C.I.= A-P

    C.I.= 8780.8- 7000

    C.I.=1780.8

    0
    2021-08-18T17:49:24+00:00

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