find the amount and compound interest on rs 7500 for 3/2 years at 8 percent, payable annually
Answers
Answered by
0
Answer:
As we know that,
A=P(1+
100
R
)
n
Here,
A= Amount
P= Principle =Rs.7500
R= Rate of interest =8%
n=1 year =2 half years
Therefore,
A=7500(1+
100
8
)
2
⇒A=7500(1+
25
2
)
2
⇒A=7500×
25×25
27×27
=12×729=Rs.8748
Therefore,
Compound interest =A−P=8748−7500=Rs.1248
Answered by
1
Answer:
8400
Step-by-step explanation:
P=7500 T=3/2 R=8%
SI=P×T×R/100
SI=7500×3/2×8/100=900
AMOUNT =P+SI
AMOUNT =7500+900=8400
ANS:Rs 8400
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