Question

Find compound interest on ₹ 10,000 for the 6th year when the rate of interest is 10% p.a.​

Answer 1

Answer:

Principle amount=10,000

Time=1.5 years= 3 half years

Interest rate=10% per year=5% per half year

A=P(1+R100)n

A=10,000(1+0.05)3 A=10,000(1.157) A=11576 Rs