Question

a man invested rupees 10000 in the bank for 3 upon two year at the rate of 15% per annum compounded annually find the amount he will you received at the end of the period​

Answer 1

Answer:

Principal= Rs. 10,000

Time= 3/2 year

Rate of Interest= 15%

Simple Interest=

$\frac{p \times r \times t}{100} \\ = \frac{10000 \times 15 \times 3}{100 \times 2} \\ = \frac{4500}{2} \\ = 2250$

Simple Interest= Rs. 2250

Amount = Simple Interest + Principal

$= 10000 + 2250 \\ = 12250$

So, the amount = Rs. 12250

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Answer 2

Answer:

Rs.12362.50

Step-by-step explanation:

(P) Principal = Rs.10000

(t) Time period = 3/2 years or 1 and 1/2 years

(r) Rate = 15% per annum (compounded annually)

(n) Number of times compounded in a time period

(A) Amount = P(1+r/(100*n))^n*t

Therefore, Amount = 10000(1+15/100)(1+15/200)

= 10000(115/100)(215/200)

= Rs.12362.50

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