calculate the amount of Rs 10,800 for 2 years at the rate of 12½ per annum compounded annually
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poteji
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Step-by-step explanation:
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Step-by-step explanation:
Given,
P=10,800
R=12 1/2 % per annum
T=2 years
Amount=P(1+R/100)²
=10,800(1+12 1/2/100)²
=10,800(1+25/2/100)²
=10,800(1+25/2×100)²
=10,800(1+1/2×4)²
=10,800(1+1/8)²
=10,800(8+1/8)²
=10,800(9/8)²
=10,800×9×9×9/8×8×8
=10,800
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