Question

Ram brought Rs 150000 from Sita at the rate of 21% per year how much compound interest should be have to pay in 9 months compounded half yearly​

Answer 1

Answer:

Ram brought money from sita =1,50,000

Interest in 1 year = 1,50,000X21

------------------

100

= 31,500

ram will pay in 9 month compounded =

1,50,000X9

= -----------------

100

=

13,500 rupees ram will pay to sita in 9 months.

Answer 2

Answer:

Ram have to pay 13,500 Rs to Sita in 9 months.

Step-by-step explanation:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one.

Interest can be compounded on any given frequency schedule, from continuous to daily to annually.

• Compound interest is when you earn interest on both the money you've saved and the interest you earn.

• Money brought = Rs 150000 = P
• Intrest rate = 21% = r
• time = 9 months = 6 months + 3 months = 1 cycle + ½ cycle . =t

A=P(1+r) ^t

Here,

Here,A= Final Amount

Here,A= Final AmountP= Principal

Here,A= Final AmountP= Principalr= Rate of interest

Here,A= Final AmountP= Principalr= Rate of interestt= Time (years)

r= 21%/2 = 10.5% (half yearly)

= 10.5/100

=0.105

A= 150000(1+0.105)^1½

=13,500

but since it's difficult to solve ,

let's see this way .

Intrest in 1 year = 150000×21/100

=31,500

Ram will pay in 9 month compounded=150000×9/100

=13,500Rs

(#SPJ3)