Question

Find the compound interest on Rs.
31250
at 12% per annum for 2.5 years.​

Answer 1

Answer:

Rs.10000

Explanation:

Principal (P) = Rs.31250

Rate (R) = 12% per annum

Time (T) = 2.5 years = 5/2 years

Amount (A) = $P (1 + R/100)^{T}$

A = $31250(1+12/100)^{5/2}$

A = $31250(28/25)^{5/2}$

A = 31250 (1.32)

A = Rs.41250

Compound interest = A - P = Rs.(41250-31250) = Rs.10000