Question

10.If P=Rs 9600, Rate(r)=7 1/2 %
p.a,T =5 months.Then Slin
rupees *
O
180
O
280
300
400​

Answer 1

Answer:

ANSWER

P=Rs 9600 r=7

2

1

% p.a t=5 months.

Rate in 12 months =7.5%

∴ Rate in 1 months

12

7.5

=0.625%

1

st

month

P=Rs 9600 r=0.625%

I=

100

9600×0.625×1

=Rs 60.

∴A=Rs 9660.

2

nd

month

P=Rs9660 r=0.625%

I=

100

9660×0.625×1

=Rs 60.38

A=Rs 9720.38

3

rd

month

P=Rs 9720.38 r=0.625%

I=Rs 60.75

A=Rs 9781.13.

4

th

month

P=Rs 9781.13 r=0.625%

I=Rs 61.13

∴A=Rs 9842.26

5

th

month

P=Rs 9842.26 r=0.625%

I=Rs 61.51

A=Rs 9903.77

Compound interest = Rs 303.77

Amount =Rs 9903.77