Find the compound amount and compound interest for ₹ at interest per annum in .
- A₹ and ₹
- B₹ and ₹
- C₹ and ₹
- D₹ and ₹
Solution & Step-by-step Explanation
Given:
* Principal () = ₹
* Rate () = per annum
* Time () =
The formula for compound amount () is:
Substitute the given values:
Now, find the Compound Interest ():
Therefore, the compound amount is ₹ and the compound interest is ₹.
* Principal () = ₹
* Rate () = per annum
* Time () =
The formula for compound amount () is:
Substitute the given values:
Now, find the Compound Interest ():
Therefore, the compound amount is ₹ and the compound interest is ₹.