Question

₹62500for 1.5years at 8%per annum compounded yearly​

Answer 1

Answer:

Step-by-step explanation:

A

=

P

(

1

+

R

100

)

t

P = 10800, R  

=

12

1

2

%

and t = 3 years

So,  

A

=

10800

(

1

+

25

200

)

3

=

10800

(

1

+

1

8

)

3

=

10800

(

9

8

)

3

=

10800

×

9

8

×

9

8

×

9

8

=

15377.34

So, Interest  

=

A

–

P

=

15377.54

−

10800

=

4577.34

Answer 2

The total year annum is 62. 5