Question

(i) The compound interest on 3 500 at 5% per annum for 1 year =
​

Answer 1

Principal =Rs.500

Time =1.5 years

Rate of interest =12% per annum

A=P(1+

100

R

)

T

A=500(1+

100

12

)

1.5

A=500×1.185=592.64

Thus, Interest=A−CP=592.64−500=Rs.92.64

Answer 2

Step-by-step explanation:

P=₹3500

R=5%

T=1YEAR

A=P[1+r/100]n

=3500[1+5/100]1

=3500[21/20]

=3500*21/20

=₹3675

CP=A-P

=3675-3500

=₹175.