Question

calculate the compound interest on ₹3500.forfirt 2years at8%pa interest paid half_yearly ,12%pa for the third year interest compounded annually and 15%pa for the fourth year interest compounded annually. find the earning at the end of 4years​

Answer 1

hi mate here is your answer

A=P(1+

100

R

)

n

P= Rs 35000, Time, n= 3 half years, R= 12% p.a= 6% per half yearly

A=35000(1+

100

6

)

3

A=35000(

100

100+6

)

3

A=35000(

100

106

)

3

A=35000(

50

53

)

3

A=Rs41685.56

CI=41685.56-350000

CI=Rs6685.56

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