find the compound interest on rs 40000 at 15 % for 3 years
plz tell me argent
Answers
Given:
P=Rs.40,000
R=16 per annum
r=8 per half year
t=1.5yr
Formula for amount A when a principal of P compounded at the rate of r% per time interval for n time intervals is given by A=P(1+
100
r
)
n
Number of time intervals =
0.5 year
1.5 year
=3
⇒A=40000(1+
100
8
)
3
=40000(
100
108
)
3
=40000(1.08)
3
=40000×1.259712
⟹A=Rs50,388.48
Now, C.I=A−P
=Rs50,388.48−Rs40,000
=Rs10,388.48
Answer:
Given:
P=Rs.40,000
R=16 per annum
r=8 per half year
t=1.5yr
Formula for amount A when a principal of P compounded at the rate of r% per time interval for n time intervals is given by A=P(1+
100
r
)
n
Number of time intervals =
0.5 year
1.5 year
=3
⇒A=40000(1+
100
8
)
3
=40000(
100
108
)
3
=40000(1.08)
3
=40000×1.259712
⟹A=Rs50,388.48
Now, C.I=A−P
=Rs50,388.48−Rs40,000
=Rs10,388.48