Find compound interest paid when a sum of Rs. 10000 is invested for 1 year and 3 months at 8 1/2% per annum compounded annually.
Answers
Answered by
17
Principal rs. 10000
Rate 2 percent per half year
Time 2 years equal to 4 half year
Amount rs. 10824.32
C.I rs 10824.32-10000
824.32
Rate 2 percent per half year
Time 2 years equal to 4 half year
Amount rs. 10824.32
C.I rs 10824.32-10000
824.32
madhawi:
I hope it help
Similar questions