Question

62500 For 2 years 6 month at 12℅ per annum compounded annually​

Answer 1

Answer:

Amount=P(1+

100

R

)

t

when t=2 years 6 months i.e.,

2

2

1

years

Amount=P(1+

100

R

)

2

×(11

100

R

12

)

⇒62500(1+

100

12

)

2

×(1+

100

12

)

2

⇒62500(

100

112

)

2

×(1+

100

6

)

⇒62500(

25

28

)

2

×(

50

53

)

⇒83,104Rs.