Find ci paid when a sum of rs 10000 is invested for 1 year and 3months at 81/2% per annum compounded annualy
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P=10000
r=81/2%
t=1year and 3 months =15 months =1+1/4=5/4years
I1=P*r*t/100=10000*1*81/100*2=4050
A1=10000+4050=14050=P2
I2=14050*1*1/100*4=35.125
A2=14050+35.125=14085.125
So,CI=A2-P=14085.125-10000=4085.125
r=81/2%
t=1year and 3 months =15 months =1+1/4=5/4years
I1=P*r*t/100=10000*1*81/100*2=4050
A1=10000+4050=14050=P2
I2=14050*1*1/100*4=35.125
A2=14050+35.125=14085.125
So,CI=A2-P=14085.125-10000=4085.125
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