Question

Rohit invests rs.25,000 in an investment at a compound interest of 15% per annum. However, he has to withdraw his investments after 16 months. How much interest did rohit

Answer 1

Step-by-step explanation:given p=25000

time=16/12 yr =4/3 yr .

Amount = 25000(1+15/100) (1+(15*1/3)/100)

= 30187.50

C.I=Amount - Principal

=30187.50-25000=5187.50

so ans is 5187.504

Answer 2

Answer:

5187.5

Step-by-step explanation:

P = 25000

R = 15%

T = 16 Month = 16/12 =1 1/3

SI₁ =P (1- R/100 ) - P = 25000(1-15/100) -25000

=1250  x 23 - 25000

=5750 - 25000

=28750 - 25000

=3750

SI₂ = P x R x T / 100 = 28750 x 15 x 4 / 100 x 12

=2875 / 2

CI =  3750 +1437.5

=5187.5