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Mathematics

If the letters have usual meanings, the formula for finding compound interest, compounded yearly for the given time is :

1 year :

  1. P(1+r100)1PP\Big(1 + \dfrac{r}{100}\Big)^1 - P

  2. P(1+r200)P\Big(1 + \dfrac{r}{200}\Big) - P

  3. P(1+1200)2P\Big(1 + \dfrac{1}{200}\Big)^2 - P

  4. P(1r200)2P\Big(1 - \dfrac{r}{200}\Big)^2 - P

Compound Interest

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Answer

By formula,

C.I. = A - P

C.I.=P(1+r100)1PC.I. = P\Big(1 + \dfrac{r}{100}\Big)^1 - P

Hence, Option 1 is the correct option.

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