Complete the table by finding the unknown principal, rate,time,compound interest,maturity value
Complete the table by finding the unknown principal, rate,time,compound interest,maturity value
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Given : A table of compound interest and maturity amount with missing entries
To Find : Missing entries
Solution:
A = Maturity Amount
A = P(1 + R/100)ⁿ
n = Time
R = Rate of Interest
P = Principal
A = Maturity Amount
A = P(1 + R/100)ⁿ
CI = Compound interest = A - P
Principal Rate% Time Compound interest Maturity
10000 8 15 21,721.7 31,721.7
3000 5 6 1,020.3 4,020.3
50000 10.5 10 85,704 1,35,704
45,286.5 2 5 4,713.5 50,000
80,157.9 9.25 2.5 19,842.1 1,00,000
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