Question

Find the amount and CI paid when a sum of ₹18,000 is invested for 1 year and 3 months at 11/2% per annum compounded annually.​

Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

given - P= 18000

n( time) =1 and 1/4 years

Rate is 11/2%

we have to calculate it by annually so take 1 year as time and for the rest year we will find interest by S. I.

C. I. = A-P

A= P(1+R/100) ^n

put the value of above and u will get the amount then subtract the principle to get the answer

for rest 1/4 year

S. I. = P×R×T/100

Substitute the value and find interest

Then add the above C. I. and the S. I.

the total will be ur answer

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