Question

Find the compound interest on ₹ 31,250 at 12% pa for 12 1/2 years

Answer 1

Answer:

Given principal P=31250

Rate of interest R=12

Time n=25/2

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

A=31250(1+12/100) ^25/2

A=31250(112/100) ^25/2

A=31250*4.12

A=128750

So, Compound Interest=Amount-Principal

C. I=128750-31250

C. I=97500

Answer 2

Answer:

29624.62

Step-by-step explanation:

Amount=principle amount(1+rate÷100)^time

=31250(1+12÷100)^12×1÷2{type this is ur calculator and u will get the answer as

Amount=60874.62

compound interest=Amount-principle amount

compound interest=60874.62-31250

compound interest=write the currency sign and then the answer,when u subtract both values ur answer will be 29624.62

so the answer/compound interest=29624.62