find up compound interest P=1000 , R=5%p.a., T=36months
Answers
Answered by
0
Answer:
P=Rs 1000, R=5% p.a., n=4
Interest for the 1
st
year =Rs
100
1000×5×1
=Rs 50
Amount after 1
st
year =Rs 1000+Rs 50=Rs 1050
Interest for the 2
nd
year =Rs
100
1050×5×1
=Rs 52.5
Amount after 2
nd
year =Rs 1050+Rs 52.5=Rs 1102.5
Interest for the 3
rd
year =Rs
100
1102.5×5×1
=Rs 55.125
Amount after 3
rd
year =Rs 1102.5+Rs 55.125=Rs 1157.625
Interest for the 4
th
year =Rs
100
1157.625×5×1
=Rs 57.88125
Amount after 1
st
year =Rs 1157.625+Rs 57.88125=Rs 1215.50
∴ Compound Interest =Rs 1215.50−Rs 1000=Rs 215.50
Similar questions