Question

find compound interest paid when a sum of rs10000 is invested for 1 year and 3months at8 1/2 per annum compounded annually.​

Answer 1

Step-by-step explanation:

1)p=10000

T=1yrs

Rate=8 1/2 =17/2%

I=p×r×t÷100

10000×17×1÷100×2

17000/2=8,5000

Amount at end of 1 year

P+I

10000+85000

=95000

2)p=95000

T=3 months=3/12 years=1/4 years

rate=17/2%

I=95000×1×17÷100×4×2

=129200

amount end of 1year 3months

A=P+I

95000+129200

₹224,200 ans.