Question

Find the compound interest on rs. 1,00,000 for 2 years and 6 months at 20% per annum compounded annually.​

Answer 1

Answer:

86593223

Step-by-step explanation:

Answer 2

Answer:

C.I. = Rs.58400

Step-by-step explanation:

Here,

P= Rs. 100000

T= 2yrs 6 months

R= 20%

Then,

C.A. = P(1+R/100)^T (1+MR/1200)

= 100000(1+20/100)² (1+6*20/1200)

= 100000(1+0.2)² (1+0.1)

= 100000 × 1.44 × 1.1

= Rs. 158400

So, C.I. = C.A. - P

= Rs. 158400 - Rs. 100000

= Rs. 58400