Find out amount, if a sum of ₹600 had been given at 10% compound interest for 18 months
Answers
Answered by
0
Answer:
Step-by-step explanation:
Amount= P*R*T/100
Time of interest= 18 months
= 1 year 6 months= 3/2 year
Amount= 600*10*3/2*100
=90
Answered by
0
Answer:
let ,principal=600
rate(r) =10%
time (t) =1 year and 6 months
now,
compound interest=p[(1+r/100)^t(1+months*r/1200)-1]
=600[(1+10/100)^1(1+6*10/1200)-1]
=600{(1+0.1)(1+0.050)-1]
=600*0.061
ci=36.30
total amount=p+ci
=600+36.30
636.30
Step-by-step explanation:
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