What is the compound interest on sum 4096Rs at 15% per annum for 5/2 years if the intrest is compounded 10 monthly
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Answered by
2
Step-by-step explanation:
4096×1+15/100×1+15/100×1×7.5/100
=4096×115×115×107.5÷1000000
=5823.23-4096
=1727.23
Answered by
2
Step-by-step explanation:
10months has given so
10/12=5/6 for 1year(10months has converted to year ok)
5/2*6/5=3years. so we get 3 years so we got years
then rate of interest 15*5/6=12.5%
then substitute in compound interest formula we get
ans=1736
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