Question

find amount and compound interest on rupees 62500 for 2 years 6 months at 12% per annum compounded annually​

Answer 1

Here u go

Principle=62500Rs

time =2.5years

rate of interest =12%

I=PTR/100

=62500*1*12/100

=7500

A=P+I

=62500+7500

=70000

this will be our new principle

Again

I=PTR/100

=70000*12*1/100

=8400

again A=P+I

A=8400+70000

=78400

this will be our new principle

so I=PTR/100

=78400*6/12*12/100

=4704

A=P+I

=78400+4704

=83104rs

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