Question

Find the compound interest on ₹ 31,250 at 12% pa for 121/2 years. *

1 point

a) ₹ 100302

b) ₹ 10302

c) ₹ 31250

d) ₹ 41552

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Answer 1

Answer:

31250 is their 5I t 77b7b 7skco301

Answer 2

Answer:

Step-by-step explanation:

CI = 92374.24

A = 154874.24

p = 31250

r = 12

n = 12 years

A = 31250 * (1+12/100)¹²

= 31250 * (112/100)¹²

= 31250 * 3.8959759925

= 121749.24

n = 1/2 years

r for 1/2 year = 12/2 = 6

amount for 1/2 year = 31250 *(1+6/100)^2n

= 31250 * (106/100)¹ = 33125

total amount for 12.5 years = 121749.24 + 33125 = 154874.24

CI for 12 years = 121749.24 - 31250 = 90499.24

CI for 1/2 year = 33125 - 31250 = 1875

total CI = 90499 + 1875 = 92374.24