compute the amount and the C.I on rs10000 compounded annually for 5/2 years at 4% per annum
Answers
Answered by
1
Answer
Principal=Rs.10000 ,Rate=2% per half year,Time=2years=4half-years
Amount=P(1+
100
R
)
T
⇒10000(1+
100
2
)
4
⇒10000×
100
102
×
100
102
×
100
102
×
100
102
⇒10000×
50
51
×
50
51
×
50
51
×
50
51
Amount=10824.32
C.I=Amount−Principal
C.I=10824.32−10000
C.I=Rs.824.32
Similar questions