Question

Inwhattimewill5120amounttoRs.7290at121/2%perannum,compounded annually?

Answer 1

Answer:

⇒ A=P(1+

100

R

)

T

⇒ A=20000×(1+

100

10

)

2

⇒ A=20000×

100

121

⇒ A=Rs.24,200.

∴ C.I.=A−P=Rs.24,200−Rs.20,000=Rs.4200.