1.

a man invests RS 46875 at 4% per annum compound interest for 3 years .calculate the interest for the first year

Answer» principal =46875rate =4%time(n)=3yrs annually interest of 1year amount = [<klux>TEX</klux>]amount = p(1 + \frac{r}{100} )^{1}

46875(1 + \frac{4}{100} ) ^{1}

46875 \times \frac{1 \times 25 + 1}{25}

46875 \times \frac{26}{25}

9363 \times \frac{26}{5}

\frac{243483}{5}

48687.5

compound \: interest \: = amount - principal

48687.5 - 46875

1812.6
[/tex]


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