Question

Calculate the amount of ₹ 31250 at the end of q 5/2
years , compounded annually at 8% per annum​

Answer 1

Answer:

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Answer 2

Answer:

Given:

Present value =₹ 31250

Interest rate =8% per annum

Time =1  

2

1

​  

 year =3/2 year and compounded half-yearly

To find the amount we have the formula,

Amount (A)=P(1+(r/100))  

n

 

where P is present value, r is rate of interest, n is time in years.

Now substituting the values in above formula we get,

∴A=31250(1+(8/2)/100)  

3

 

⇒A=31250(1+4/100)  

3

 

⇒A=31250(1+1/25)  

3

 

⇒A=31250(26/25)  

3

 

⇒A=31250×17576/15625

⇒A=₹ 35152

∴ Compound interest =A–P

=35452–31250=₹ 3902

Step-by-step explanation:

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