calculate the amount and compound interest on 10,000 at 4% per annum for 3 years compound anually
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Answer:
Principal=Rs.10000 ,Rate=2% per half year,Time=2years=4half-years
Amount=P(1+
100
R
)
T
⇒10000(1+
100
2
)
4
⇒10000×
100
102
×
100
102
×
100
102
×
100
102
⇒10000×
50
51
×
50
51
×
50
51
×
50
51
Amount=10824.32
C.I=Amount−Principal
C.I=10824.32−10000
C.I=Rs.824.32
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prabhumaahato:
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