pema53975
contestada

find the compound am out and compound interest of the following for yearly compounding P=Rs55000,T=2yearly,R=5%
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Respuesta :

inikakandel

Answer:

60637.5,5637.5

Explanation:

principle=55000

rate=5%

time= 2 yrs

we know,

C.A= P[(1+R/100)^T]

=55000[(1+5/100)^2]

=55000×1.1025

=60637.5

now,

C.I= P[(1+R/100)^T-1]

=55000[(1+5/100)^2-1]

=55000×0.1025

=5637.5#

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