Question

find the compound interest on rs 15625 at 8percent annum for 2years 9months, interest compound yearly
​

Answer 1

Answer:

3693.5

Step-by-step explanation:

P=15625

R=8percent pa

T=2y 9 months

Amount= P(1+R/100)rasied to the power t

=15625(1+8/100)raised to the power 2

=15625(27/25)raised to the power 2

Amount=18225

Now for 9 months=9/12 months=3/4months

S.I.=P×R×T/100

=(18225×8×3/4)/100

S.I.=1093.5

Reqd. Amount=18225+1093.5

=19318.5

C.I.= A-P

C.I.=19318.5-15625

C.I.=3693.5 Answer