Saved Bookmarks
| 1. |
Find amount and compound intrest on 31250 for 2 years 6 months at 6% per annum compounded annually |
|
Answer» Step-by-step explanation: → 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,
|
|