Question

find the CI on Rs.2000 at 12% per annum for 1 1/4 years​

Answer 1

Step-by-step explanation:

CI=P(1+R/100)^T-P

CI=2000(1+12/100)^(5/4)-2000

CI=2000(1+12/4×100)^((5/4)×4)-2000

CI=2000(412/400)^5-2000

CI=(2000×1.159)-2000

CI=2318-2000

CI=318

FOR ADDITIONAL INFORMATION:-

AMOUNT=P(1+R/100)^T

AMOUNT =2318