Find amount and compund interest when
Principal=62500
Time=2 years and 6 months
Rate of interest = 12%compunded anually
Answers
Answered by
1
Answer:
Amount=P(1+
100
R
)
t
when t=2 years 6 months i.e.,
2
2
1
years
Amount=P(1+
100
R
)
2
×(11
100
R
12
)
⇒62500(1+
100
12
)
2
×(1+
100
12
)
2
⇒62500(
100
112
)
2
×(1+
100
6
)
⇒62500(
25
28
)
2
×(
50
53
)
⇒83,104Rs.
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