hey friends! what's up please answer my question fast
the compound interest on Rs. 10000 at at 12% per annumm for 1.5 years compounded annually is
Answers
Hey friend!!!
Here is your answer..
⬇️⬇️⬇️⬇️⬇️⬇️
P= Rs.10000
R=12%
t=1.5 year
Solve the eq.
Get the value of A
Then,
Interest =A-P
HOPE that it will help you ✌️ ✌️
Answer:
1872
Step-by-step explanation:
Given, Principal = 10000, R = 12%, Time n = 1.5 years.
(i) First we take n = 1 year.
A = P(1 + r/100)ⁿ
= 10000(1 + 12/100)
= 10000(112/100)
= 10000 * 1.12
= 11200
So, Amount after 1 year = 11200.
Now, Principal = 11200.
(ii) For last 1/2 year:
Simple Interest = PRT/100
= (11200 * 12 * 1)/200
= 672
So, Amount after 1 (1/2) years = 11200 + 672
= 11872
Now,
Compound Interest = Amount - Principal
= 11872 - 10000
= 1872.
Therefore, Compound Interest = 1872.
Hope it helps!