Math, asked by pujasingh10051984, 5 months ago


50000 for 3 years 12 whole 1/2% per annum.​

Answers

Answered by nitinsindhwani64
4

Answer:

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Answered by InsaneBanda
2

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Solution :-

We have the formula for compound Interest,

A=P(1+ r/n )^n.t

Given :-

A = total amount

P = 50000

r = annual interest rate = 8%

n = 2

T = 3/2

Substituting, A=50000(1+ 0.08/ 2 )²× ³/²

A = 50000 (2.08 /2 )³

A=56243.2 This is the amount after 1 and 1/2 year

Compound Interest, I=A−P=56243.2−50000=6243.5

Required Answer is 6243.5

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