What would be the compound interest obtained on an amount of Rs 1210 at the rate
of 6. p.c.p.a. after a year ?
Here the Principal amount is Rs 1210
Rate of Int. = 6% per annum
As we know that SI and CI is same for 1st year if principal amount and ROI is same so CI for 1 year = $$\frac{1210\times6\times1}{100}$$
CI for 1 year = Rs 72.6
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