find the compound interest on rupees 62500 at 8% for 9/8 years
Answers
Answered by
0
Answer:
hey mate ......
Step-by-step explanation:
Given, Principal (P) = Rs. 62,500
Rate =8 % per annum or 4 % per half year
Number of years = 121
There will be 3 half years in 121 years.
We know,
A=P[1+100R]n
⇒A=62500[1+(1004)3]
⇒A=62500×2526×2526×2526
⇒A=70304
compound interest =A−P
= Rs. 70304 - Rs. 62500
= Rs.7,804.
you can do this question through this method.....
Similar questions