Question

Find the compound interest on
125000 at 12% per annum for
2 1/3​

Answer 1

Answer:

12%=3/25

It mean amount is 25 unit and increase 3 unit per year

4 month interest rate =12%/3=4%

4%=1/25

mean amount increase 26/25 in 4 month

28. 25

28. 25

26. 25

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125000×28×28×26/25×25×25=163072

CI=163072-125000=38072 ans