Find Compound interest paid when a sum of 10000 is invested for 1 year and 3 months at 17/2% per annum compounded annually.
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Step-by-step explanation:
A=P(1+r/100) n
17/2 per annum so quarterly it will be 17 /2 *1/4 =17/8
n will be 4+1=5
so
10000*(1+17/800) pow 5
CI =A-P
Answered by
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Answer:
Compound Interest = A - P
Step-by-step explanation:
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