Math, asked by dangerx38, 1 month ago

Calculate the amount and the compound interest on rs 20000 in 2 1/4 years at 10% per annum.

Answers

Answered by Anonymous
13

Question:-

  • Calculate the amount and the compound interest on rs 20000 in 2 1/4 years at 10% per annum.

To Find:-

  • Find the amount and compound interest.

Solution:-

Given ,

  • Principal = 20000
  • Time = 2¼
  • Rate = 10% per annum

Now,

We have to find the amount:-

\sf\dashrightarrow \: Amount = 20000 { \bigg ( 1 + \dfrac { 10 } { 100 } \bigg ) }^{ 2.25 }

\sf\dashrightarrow \: Amount = 20000{ ( 1 + 0.1 ) }^{ 2.25 }

\sf\dashrightarrow \: Amount = 20000 \times 1.23917756379[tex]</p><p>[tex]\sf\dashrightarrow \: Amount = 24783.5[tex]</p><p></p><p><strong>Now,</strong></p><p></p><p>We have to find the compounds interest:-[</p><p>[tex]\sf\dashrightarrow \: Interest = 24783.5 - 20000

\sf\dashrightarrow \: Interest = 4783.5

Hence,

Compound Interest is 4783.5

Answered by minjilee481
2

Answer:

Compound Interest C.I. = Amount - Principal = 28,800 - 20,000 = Rs. 8,800.

hope it helps

have a great day

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