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If the principal be Rs. p annual rate of...

If the principal be Rs. `p` annual rate of compound interest be r% and interest is compounded `m` times, then after `n` times, write the amount.

Text Solution

Verified by Experts

The correct Answer is:
`Rs.p(1+(r/m)/100)^(nm)`
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If the principal be Rs. p and the annual rate of compound interest be r% and if interest is compunded at the end of a year, then write the amount after 3 1/4 years.

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Knowledge Check

  • If a principal be Rs. p and annual rate of compound interest is r% then the amount for 3 years will be

    A
    `Rs. (p-r/100)^(3)`
    B
    `Rs. (p+r/100)^(3)`
    C
    `Rs. (p+r/200)^(2)`
    D
    `Rs.(p+r/100)^(2)`

  • Interest of principal Rs. p on n years at the rate of r% compound interest per annum when interests are calculate m times per year =

    A
    `Rs.p(1+(r/m)/100)^(mn)`
    B
    `Rs. P(1+(r/m)/100)^(n)`
    C
    `Rs. P(1+(r/m)/100)^(m)`
    D
    `Rs . P(1+(rm)/100)^(mn)`

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