Math, asked by mechvkshari105, 6 months ago

Find the compound interest on 62500 at 21% per annum for 1 years.

Answers

Answered by shailendrarai9092
1

Answer:

13125 for 1 year CI = 1 year SI

Answered by bson
1

Step-by-step explanation:

A = p(1+r)ⁿ

r = 21% = 0.21

n =1

A = 62500(1+.21)¹ = 62500×1.21 = 75,625

ci = A-p = 75625-62500 = 13, 125

Similar questions