find amount and compound interest on Rs.62500 for 2 years 6 months at 12% per annum
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Answer:
Step-by-step explanation:
- Principle = 62500
- Time = 2 years and 6 months = 2 + 6/12 = 5/2 = 2 1/2 years.
- Rate = 12%.
Amount = P [ 1+r/100]ⁿ
= 62500 [ 1 + 12/100]² [ 1 + 12/200]
= 62500 x 28/25 x 28/25 x 53/50 = 83104.
- CI = 83104 - 62500 =20604.
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shreya1864:
why not
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