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Compound interest submitted by. Jashwant Singh U.P.S Rampur Maniharan Saharanpur U.P. Principal amount =which amount we have taken from any man or bank. Rate =an amount per 100 Rs (yearly or monthly or half yearly ) Time =amount return duration
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Compound interestsubmittedby Jashwant Singh U.P.S Rampur Maniharan Saharanpur U.P
Principal amount =which amount we have taken from any man or bank Rate =an amount per 100 Rs (yearly or monthly or half yearly ) Time =amount return duration Compound amount =which money we have return from some time
Formula of comopund interest C .A=P{1+r/100}ⁿ Compound interest=(C.A. - P.A.)
if P=8000 Rate =5%year Time =3 year Then Find the C.A and C.I.
c.A =P(1-R/100)ⁿ =8000*105/100*105/100*105/100 =21*21*21 =9261 Rs
Now Compound interest=C.A -P.A =9260-8000 =1260 Rs
Thank you Mathematic is the father of all subjects