An amount of Rs.10,000 is invested for one year three months at the rate of seven
and half percent per annum compounded annually. Find the following:-
a) Amount received after the given time period.
b) Compound interest received after the given time period
Answers
Answer:
Here, Principal amount,
Rs<br> Rate,
per annum<br> Time,
year and
months So, Amount after first year
<br>
<br> So, interest after first year
Rs<br> Now, interest for 3 months in 2nd year
Rs<br> So, total compound interest
Rs
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