Find the compound interest on Rs 5000 at 12% per annum for 1 and half years if the interest is compounded annually
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Answered by
1
P=Rs5000
R=12pcpa
N=2yrs
A=P[R/100+1]^N
A=5000[12/100+1]^2
A=5000[12/100+100/100]^2
A=5000[112/100]^2
A=5000×112/100×112/100
A=5×112×112/10
A=56×112
A=Rs6672
Compound interest=Amount-Principal
CI=6672-5000
CI=Rs1672
Therefore compound interest is Rs1672.
R=12pcpa
N=2yrs
A=P[R/100+1]^N
A=5000[12/100+1]^2
A=5000[12/100+100/100]^2
A=5000[112/100]^2
A=5000×112/100×112/100
A=5×112×112/10
A=56×112
A=Rs6672
Compound interest=Amount-Principal
CI=6672-5000
CI=Rs1672
Therefore compound interest is Rs1672.
StingRaider:
thanks
Answered by
3
Answer:
The compound interest is Rs. 618.
Step-by-step explanation:
Referred to the attachment.
Attachments:
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