Question

Find the Amount and the Compound Interest (compounded annually) if P= Rs 25000, R=8%, n=1 year.​

Answer 1

Answer:

If the principal = P. rate of interest per unit time r 2 %. number of units of time = 2n, the amount

= A and the compound interest = CI then.

A = P * (1 + (R/2)/100) ^ (2n)

here P = Rs.50000, R = 8%p.a., n = 1 year

A = 50000 * (1 + 8/(2 * 100)) ^ 2

A = 50000 * (1 + 4/100) ^ 2

A = 50000 * (1 + 1/25) ^ 2

A = 50000 * (26/25) ^ 2

A = 50000(26/25) * (26/25)

A = 80 * 26 * 26 A = Rs.54080

CI= A - P = Rs. (54080 -

Rs.50000)

Rs.4080

Step-by-step explanation:

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