. a Find the compound interest on rs 325.40 for 4 years 2 months @ 5 % pa
Answers
Answered by
0
iiiiiisiiququ
lzksiidis
Answered by
0
Answer:
73.21
Step-by-step explanation:
p= 335.40
r=5%
t=4years 2 months
A=P(1+r/100)^n
compound interest= A-P
in 1 year=12 months
time= 4 years 2months
total month = 12+12+12+12+2/12=50/12=4.166
put the value in the given formula
A= 325.40(1+5/100)^4.16
= 325.40(105/100)^4.16
= 325.40(1.05)^4.16
= 325.40× 1.225
= 398.615
C.I = A-P
= 398.61-325.40
= 73.21
thnkss
hope it helps...
Similar questions
Social Sciences,
1 month ago
Social Sciences,
1 month ago
Math,
3 months ago
Sociology,
3 months ago
Science,
9 months ago