Question

if the rate of compound profit is taka 8.50 percent per annum, find the compound principal and compound profit off taka 10000 in 2 years.​

Answer 1

Answer:

this may help you

Step-by-step explanation:

Suppose you intend to invest Rs 1,00,000 for 10 years at an interest rate of 10 per cent and the compounding is annual. If you were to stretch the period by another 10 years, which makes it a total of 20 years, the return would be Rs 6,72,749.99.

Answer 2

Answer:

Solution :

Here, Principal amount, P=10000 Rs

Rate, r=8.5% per annum

Time, t=1 year and 3 months So, Amount after first year =10000∗(1+8.5100)1

=10000∗108.5100=10850

So, interest after first year =10850−10000=850 Rs

Now, interest for 3 months in 2nd year =10850∗8.5∗3100∗12=230.56 Rs

So, total compound interest 850+230.56=1080.56 Rs