Question

find the compound interest when the sum of rs 10000 is invested for 1 year and 3 months at the rate of 8½% compounded annually​

Answer 1

Answer:

For first year

P=10000,R=8.5%, T=1

Interest =

100

PRT

=

100

(10000×8.5×1)

=850

Amount = Interest + Principle =10000+850=Rs.10850

For second year principle will be amount of previous year (since interest is compounded)

P=10850,R=8.5%, T=3months =

Answer 2

Answer:

10850rs

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Step-by-step explanation:

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