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Finding CI When Rate Compounded Annually or Semi - Annually Find compound...
Question A Rs. 3109 Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses B Rs. 3200 No worries! We‘ve got your back. Try BYJU‘S free classes today! C Rs. 3181 No worries! We‘ve got your back. Try BYJU‘S free classes today! D Rs. 3901 No worries! We‘ve got your back. Try BYJU‘S free classes today!
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Solution The correct option is A Rs. 3109 Time =2years 4months = 2(412) years = 213 years It is compounded annually so first we will calculate amount for 2 years using A = P × (1+R100)n Amount = ₹ [8000 × (1 + 15100)2 = ₹ 8000[ 2320 × 2320] = 10580 I = 10580×153×100 = ₹ 529 Final amount = ₹ 10580 + ₹ 529 = ₹ 11109 Compound interest = ₹ 11109 - ₹ 8000 = ₹ 3109
Now interest on this for 4 months (13 years ) will be equal to
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