find the amount and compound interest where principal = 50,000
rate10% and time = 2 whole 1 by 5
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Step-by-step explanation:
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63525 , 13525
Step-by-step explanation:
solving by three methods , stepwise :
basic method,
t = 2 + 1/5 = 2.5 yr rate for 0.5 yr = 6 months = 10/2 = 5%
A = p ( 1+ 10/100)^2× ( 1 + 5/100)
A = 63525
c.i = A - p = 13525
By ratio method,
r = 10% = 1/10 ,rate for 0.5yr(6 months)
= 5% = 1/20
p : A
10 : 11
10 : 11
20 : 21
_________
2000 :2541
_________
2000 units = 50000
1 unit = 25
2541 units = 2541×25 = Rs 63525(A)
c.i = A - p = 63525- 50000 = Rs 13525
by % method:
equivalent rate for 2 yrs
= 10+10+10^2/100= 21%
for 2.5 yr = 21+5+21×5/100 = 27.05%
c.i = 27.05% of 50,000 = Rs 13525
A = 50000+13525 = Rs 63525
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