Question

find ci on 135000 for 1 and half years at 8% being compounded annually. also find the amount​

Answer 1

Find the amount and C.I on Rs 24000 compound semi-annually for 1

2

1

years at the rate of 10% p.a.

Medium

Solution

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P=24000Rs

n=3 because due to semi-annually 3×

2

1

months are there

r=10% but for

2

1

years r=

2

10

=5%.

Amount =P(1+

100

r

)

n

=24000(1+0.05)

3

=24000×1.05×1.05×1.05

Amount =27783

CI=27783−24000

CI=3783.