Question

Find the compound interest on Rs. 500 for 1 1/2 years at 12% per annum​

Answer 1

Principal= Rs.500

Rate of Interest= 12 1/2% p. a.=25/2%p.a.

Time= 1 year

P×R×T/100 = Simple Interest

=500×1× 25/2× 100

=₹62.5

Hence,the simple interest is₹62.5

Answer 2

Answer:

Here, P = 500, R = 12%p.a. and T = 11/2

Using the formula A = P (1+R/100)n,

we get

amount after 2 years = r {500×(1+12/100)11/2}

{500×(1+3/28)11/2}

{500×(28/25)11/2}

{500×(154/25)

3080 Answer

Step-by-step explanation:

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