(i) The compound interest on 3 500 at 5% per annum for 1 year =
Answers
Answered by
5
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
Answered by
1
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.
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