$62500 gor 2 years6 months at 12% compounded anually
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Answered by
4
hello Frnd
Given as
Principal = 62500
Time = 2 yrs 6 months
Rate = 12%
As we know that
Compound Interest = Amount - Principal
Amount = P ( 1 + R/100) ^n
Amount = 62500 ( 1 + 12/100 )^2.5
= 62500 ( 1.12)^2.5
= 82500
Hence Amount = 82500
compound interest = 82500 - 62500
= $ 20,000
hope it helps
#jerri
Given as
Principal = 62500
Time = 2 yrs 6 months
Rate = 12%
As we know that
Compound Interest = Amount - Principal
Amount = P ( 1 + R/100) ^n
Amount = 62500 ( 1 + 12/100 )^2.5
= 62500 ( 1.12)^2.5
= 82500
Hence Amount = 82500
compound interest = 82500 - 62500
= $ 20,000
hope it helps
#jerri
jashrivastava:
u have done it wrong it is 2 years 6 months my friend
ok let me correct it pls
u can take help from mine
thnx but i corrected my answer
Answered by
4
SOLUTION =>
Principle = $62500
then ' by compound interest =
62500*1*12/100= 7500 +62500= 70000
70000*1*12/100= 8400 +70000=78400
78400*1*12/200= 4704 +78400=83104
(ans )
plz mark as brainliest
Principle = $62500
then ' by compound interest =
62500*1*12/100= 7500 +62500= 70000
70000*1*12/100= 8400 +70000=78400
78400*1*12/200= 4704 +78400=83104
(ans )
plz mark as brainliest
thanx varun
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