Assertion (A): A = P(1+(10/100))² = 1.21P Reason (R): (1+(10/100))²= (1.1)² = 1.21 1. A is true, but R is false. 2. A is false, but R is true. 3. Both A and R are true, and R is the correct reason for A. 4. Both A and R are true, and R is the incorrect reason for A.

Question

KnowledgeBoat · Accepted Answer

Let P be the principal amount, r% be rate of interest and t be the time. By formula, A = P A = P P = 1.21P ∴ Both A and R are true, and R is the correct reason for A. Hence, option 3 is correct option.

Mathematics

Assertion (A): A = P(1+(10/100))² = 1.21P Reason (R): (1+(10/100))²= (1.1)² = 1.21 1. A is true, but R is false. 2. A is false, but R is true. 3. Both A and R are true, and R is the correct reason for A. 4. Both A and R are true, and R is the incorrect reason for A.

Compound Interest

Related Questions

Simple interest on a sum of money for 2 years at 4% growth rate is ₹ 450. Find compound interest on the same sum and at the same rate for 1 year, if the interest is reckoned half-yearly.