Question

Ravi bought 5600 from bank at 10°/• per annum for interest compounded quarterly for 1.5 year find the amount he should pay for a bank​

Answer 1

$\rm{Answer:-}$

$\rm{Given} \\ \rm{Principal, P= Rs \: 5600/-} \\ \rm{Rate \: of \: Interest,R= \: 10\%} \\ \rm{Time,T = 1.5 \: years}$

$\rm{Amount,A=P(1+RT}) \\ \rm{\implies \: Amount,A=[1 +(10 + 18) ]} \\ (\rm{Here \: 1.5 \: years = 18 \: months)}$

$\rm{Amount = 5600(1 + 180)} \\ \implies \: \rm{A = 5600 \times 180 =Rs 1,008,000/- }\\ \rm{Amount=\:Rs1,008,000}$

Answer 2

Step-by-step explanation:

Given

Principal,P=Rs5600/−

RateofInterest,R=10%

Time,T=1.5years

\begin{gathered} \rm{Amount,A=P(1+RT}) \\ \rm{\implies \: Amount,A=[1 +(10 + 18) ]} \\ (\rm{Here \: 1.5 \: years = 18 \: months)}\end{gathered}

Amount,A=P(1+RT)

⟹Amount,A=[1+(10+18)]

(Here1.5years=18months)

\begin{gathered} \rm{Amount = 5600(1 + 180)} \\ \implies \: \rm{A = 5600 \times 180 =Rs 1,008,000/- }\\ \rm{Amount=\:Rs1,008,000}\end{gathered}

Amount=5600(1+180)

⟹A=5600×180=Rs1,008,000/−

Amount=Rs1,008,000