Question

Vijay invested 10,000 in a 20-year scheme of a public sector undertaking where the
interest is compounded annually at the rate of 12.5% per annum. Find the amount he
will get on maturity. [Given, (1.125)20 = 10.545]​

Answer 1

Answer:

The number of years is 2

Principal = Rs.10,000

Amount = rs.11000

Interest = Amount – Principal

Interest = Rs.11000-Rs.10000

Interest = Rs.1000

Rate of interest = 5%

:

Hence the number of years is 2

#learn more:

brainly.in/question/8235158

Lokesh invested rs 10,000 in a bank the pays an interest 10% per annum. He withdraws the amount after 2 years and 3 months. Find the interest, he receives

but me branlist question please

Answer 2

Step-by-step explanation:

n=20years(240months)

p=₹10,000

r=12.5%

total amount on maturity A=P+Interest

Interest = P×r/100 × n(n+1)/12×2

Interest = 10,000 × 12.5/100× 240×241/12×2=301250000

p=10000×240

=2400000

A=2400000+301250000

= 303,650,000