Question

Find the compund interest for rs 48000 for 1 and a half yrs at the rate of 8 p.c.p.a.​

Answer 1

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Answer 2

Answer

$a = 48000 \\ n(time) = 1 \times \frac{1}{2} = \frac{3}{2} = 1.5 \\ r = 8\%p.a \\ \\ a = p(1 + \frac{r}{100} ) {}^{n} \\ a = 48000(1 + \frac{8}{100} ) {}^{1.5} \\ a = 48000 \times 1.08 \times 1.5 \\ a = 77760 \\ ci = a - p \\ ci = 77760 - 48000 \\ 29760$
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