Find CI when a sum of 25000 is invested for 3 years and 4 months at 15, % p.a. 2 compounded annually.
Answers
Answered by
5
Answer:
P = Rs. 25000, n = 3 years, r = 12% p.a
∴ Amount =P(1+
100
r
)
n
=Rs.25000×(1+
100
12
)
3
=Rs.25000×(
100
112
)
3
=Rs.25000×
25
28
×
25
28
×
25
28
=Rs.35123.20
∴ Compound interest =Rs.(35123.20−25000)=Rs.10123.20
Answered by
13
Answer:
P = Rs. 25000, n = 3 years, r = 12% p.a
∴ Amount =P(1+
100
r
)
n
=Rs.25000×(1+
100
12
)
3
=Rs.25000×(
100
112
)
3
=Rs.25000×
25
28
×
25
28
×
25
28
=Rs.35123.20
∴ Compound interest =Rs.(35123.20−25000)=Rs.10123.20
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