By using formula , find out the amount and the compound interest.
1. Principal = 50000, Rate= 5℅ per annum, Time= 2whole 1/4 years.
(Answer: A= 64601.60, C.I.= 14601.60).
Do in notebook.
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Answer:
Amount = 55801.506
C. I = 5801.506
Step-by-step explanation:
Amount = P*(1+(R/100))^T
= 50000*(1+(5/100))^2.25
= 55801.506
Compound Interest = Amount - Principle
= 55801.506 - 50000
= 5801.506
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