Question

Compund Interest.


Find C.I when 10000₹ is invested for 1 year and 3 months at 8 1/2% (17/2%) per annum.

Answer 1

Answer:

850 is the compound interest.

Step-by-step explanation:

Amount = P(1 + R/100)^T

             = 10000 (1 + 17/200)^1

             = 10000 (217/200)

             = 2170000/200

             = 10850

Compound Interest = Amount - Principal

                                 = 10850 - 10000 = 850