Question

the dum
What is the compound interest an
15625 for a years at
ey
enterest is 8 month Composed?
of
the late
2% f.a
thie​

Answer 1

Answer:

Time = 2 years 9 months = 2 (9/12) years = 2(3/4) years.

Time [ n1 ]= 2 years Time [ n2 ]= (3/4) years.

Rate =8%

Principal = Rs 15625

Amount =[P×( 1 +(rate / 100 ) )^n1 × (1 + (n2 × rate/100)]

Amount = Rs [15625× ( 1 + ( 8 / 100 ) )^2 × ( 1+ (3/4×8/100) ]

=Rs. [15625×(27/25)×(27/25)×(53/50)]

= Rs. 19318.5 .

C.I. = Amount - Principal

C.I. = Rs. (19318.5 - 15625) = Rs. 3693.5 Ans