Question

rs.62500 for 2 years 6 month at 12% per annum compounded annually

Answer 1

Answer:

principal= Rs. 62500

time=2 years 6 months

Rate=12% p.a.

So first we will find amount for 2 years.

Amount= 62500(1+ 12/100)²=62500(1 + 3/25)²

=62500* 28/25 * 28/25

=100*28*28=Rs. 78400

now principal for next 6 months that is 1/2 year is Rs 78400.

now S.I.= 78400*1*12 / 2*100

             =Rs 4704

Amount total after 2 and half year= 78400+4704=Rs. 83104