Question

principal=rs.50000, time=2years 5 months rate of interest=12% compounded annually(by using formula)

Answer 1

Step-by-step explanation:

$\mathfrak{Given}$

$p = 50000 \\ t = 2 \: year \: 5 \: month \: \\ rate = 12\%$

$t = 2 \frac{5}{12} = \frac{29}{12}$

$\mathfrak{Answer}$

According to the question

$a = p(1 + \frac{r}{100} )t$

${50000(1 + \frac{12}{100}) }^{ \frac{29}{12} } \\ {50000(1 + 0.12)}^{ \frac{29}{12} } \\ {50000(1.12)}^{ \frac{29}{12} } \\ 50000 \times 1.315 \\ 65750$