Question

find the compound interst ( to the nearest rupees) for rupees 48,000 for 1 1/2 years at the rate of 8 p. c. p. a​

Answer 1

Compound interest is rs. 5913.6

Step-by-step explanation:

given p= rs 48,000

R=8%p.a.

T= 1 1/2 years

to find the COMPOUND INTREST COMPOUNDED YEARLY

first,find the amount of 1 year using c.p. formula

A=P×(1+r/2)

A=48,000×(1+8/100)^1

A=48,000×(108/100)

A=480×108

RS. 51840

INTREST FOR 1 YEAR

=A-P =51840 -48000

RS. 3840

NOW USING THE AMOUNT WE FIND INTREST

S .I =P×R×T /100 = 51840×8×1/2 /100

S.I = 518.4×4 = RS 2073.6

CP =3840+2073.6

RS 59136