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