Find the compound interest paid when a sum of ₹10,000 is invested for 1 year and 3
months at 8 and 1/2 % annum compounded annually.
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⇒A=10000⎛⎝⎜⎜1+812100⎞⎠⎟⎟1⇒A=10000⎛⎝⎜⎜1+172100⎞⎠⎟⎟⇒A=10000(1+17200)⇒A=10000(200+17200)⇒A=10000(217200)⇒A=10850
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