Question

Find the compound interest and the total amount after 4 years and 6 months if the interest is compounded annually.
Principal = ₹1{,}00{,}000=₹1,00,000equals, ₹, 1, comma, 00, comma, 000
Rate of interest = 10 \%=10%equals, 10, percent per annum
Total amount ==equals ₹ Compound interest ==equals ₹

Answer 1

Answer:

1000 ooooo is a conect answer

Answer 2

Given : Principal = = 1,00,000

Rate of interest = 10  %

compounded annually

To Find : compound interest and the total amount after 4 years and 6 months

Solution:

P = 100000

R = 10 %

n = 4 years 6 months

Compounded annually so find amount after complete 4 years

A = P(1 + R/100)ⁿ

=> A = 1,00,000( 1  + 10/100)⁴

=> A = 1,46,410

SI = P * R * T /100

Interest for next 6 months = 1/2 year will be Equivalent to SI

SI = 146410 x 10 x (1/2) /100

=> SI = 7,320.5 Rs

Amount after 4 years 6 months  = 1,46,410 + 7,320.5

= 1,53,730.5 Rs

Interest = 1,53,730.5 - 1,00,000 = 53,730.5  Rs

Total amount =  1,53,730.5 Rs

Compound interest = 53,730.5  Rs

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