Question

Find Compound interest paid when a sum of Rs. 12600 is Invested for 2 year at 10 % per annum Compounded Annually​

Answer 1

Answer:

hope this will help you with ur doubt ✌️

Step-by-step explanation:

P=Rs 12,500.

R=10%

T=2 years

If interest is payable Annually

A=P(1+

100

R

)

T

=12,500(1+

100

10

)

2

=15125

∴I=A−P=(15125−12500)=Rs 2625

If interest is payable semi-annually.

A=P(1+

200

R

)

2T

=12500(1+

200

10

)

2×2

=15193.8

∴I=A−P=15193.8−12500=2693.8

∴ Extra Interest fetched =Rs (2693.8−2625)=Rs 68.82