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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Answers
Answered by
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Answer:
31250 is their 5I t 77b7b 7skco301
Answered by
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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
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