.
The total amount when compounded annually on Rs 32000 for 3 years at the rate of 10% p.a. gives
Options
Rs 42592
Rs 42590
Rs 43592
Rs 44592
Answers
Answered by
2
Given, P=32000 Rs
R=10 % p.a
n=9 months =
4
3
year
For compound quaterly
amount = P(1+
4×100
R
)
4n
=32000(1+
400
10
)
4×
4
3
=32000(1+0.025)
3
=34460.5Rs
Compound interest = Amount - Principal
=34460.5−32000
=Rs.2460.5
hope it helps
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Answered by
2
Answer:
Rs 42592
Step-by-step explanation:
S.I on 1st year=32000×1×10/100 = 3200Rs
amount at the end of 1st year = 35200Rs
S.I on 2nd year =35200×1×10/100 =3520Rs
amount at the end of 2nd year =38720Rs
S.I on the 3rd year =38720×1×10/100 =3872Rs
amount at the end of 3rd year =38720+3872 =42592Rs
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