Question

Find the compound interest on ` 6,200 at 4½% p.a. in

the third year.​

Answer 1

Answer:

interest = 837

Step-by-step explanation:

principal =6200 rate of interest

$4 \times \frac{1}{2}$

9/2

N= 3

S.I= P×R×N/100

=6200×9×3/100×2

=31×27

=837

Answer 2

We have to find the compound interest on ` 6,200 at 4½% p.a. in the third year.

n=3years

R= 4½% = 9/2%= 4.5%

=>P=Rs6,200

And on interest being compounded we have,

Amount=P(1+R /100)ⁿ

              =6,200×(1+$\frac{4.5}{100}$ ​)³

              =6,200×1.045³

              =Rs7075.22

∴ C.I.= (A−P)

        =(Rs7075.22) -( Rs6,200)

        =Rs875.22

Hence compound interest on 6,200 at 4½% p.a. in the third year. will be Rs875.22.

Ans:- Compound interest on 6,200 at 4½% p.a. in the third year. will be Rs875.22.

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