Find the compound interest on rs. 1,00,000 for 2 years and 6 months at 20% per annum compounded annually.
Answers
Answered by
0
Answer:
86593223
Step-by-step explanation:
Answered by
0
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
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