1.

Find amount and compound intrest on 31250 for 2 years 6 months at 6% per annum compounded annually​

Answer»

Step-by-step explanation:

  • Time (N) = 2 years 6 MONTHS = 5/2 years = 2 ½ years
  • Principal (p) = Rs. 31250
  • Rate (R) = 6%

→ Amount = [31250 × (1 + 6/100)² × (1 + ½ × 6/100)]

→ Amount = [31250 × (106/100)² × (103/100)]

→ Amount = 31250 × 106/100 × 106/100 × 103/100

→ Amount = 3125 × 106/100 × 106/100 × 103/10

→ Amount = Rs. 36165.875

➳ Compound INTEREST = Amount - Principal

➳ Compound Interest = 36165.875 - 31250

➳ Compound Interest = Rs. 330408.75

Therefore,

  • Amount = Rs. 36165.875
  • Compound Interest = Rs. 330408.75


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