A sum of is invested at per annum and in a certain number of years, the total amount becomes . Find the compound interest earned.
- A₹ 1,854
- B₹ 1,845
- C₹ 1,485
- D₹ 1,584
Solution & Step-by-step Explanation
The relationship between the total Amount (), Principal (), and Compound Interest () is given by:
Given:
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*
Substituting the values into the formula:
Given:
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*
Substituting the values into the formula: