find the compound interest and the amount on rupees 5000 the annual interest rate of 8% for 2 years 6 month
Answers
Answered by
3
Step-by-step explanation:
P = Rs 5,000
t = 1 year 6 months, so t = 3
r = 8% per annum
C.I=P(1+
100
r
)
t
−P
=P((1+
100
r
)
t
−1)
=5000((1+
100
8
)
3
−1)
=5000(0.2597)
=Rs1298.5(Rs1298.5)
Answered by
4
HELLO!!
ANSWER:
Amount = ₹5616
Compound interest = ₹616
EXPLANATION:
GIVEN:
Principal (P) = ₹5000
Rate of interest (r) = 8% p.a
Time (n) = 2 years 6 months = 18 months = 18/12 years = 3/2 years = 1½ years
TO FIND:
Amount and Compound interest
SOLUTION:
Amount (A) = P (1 + r/100)¹ [1 + ½ (r/100)]
A = 5000(1 + 8/100) [1 + ½ (8/100) ]
A = 5000(1 + 0.08) [1 + 8/200 ]
A = 5000(1.08) [1 + 0.04 ]
A = 5000(1.08) [1.04]
A = 5000(1.1232)
Amount = ₹5616
Compound interest (CI) = A - P
CI = 5616 - 5000
Compound interest = ₹616
HOPE IT HELPS YOU!!
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