10000 rupees for three years at 12 1/2% per annum compounded annually calculate the amount and compound interest.

Asked by nmsnirajsheth | 29th Sep, 2017, 06:06: PM

Expert Answer:

begin mathsize 16px style straight P equals Rs. space 10000
straight T equals 3 space years
straight R equals 12 1 half percent sign equals 25 over 2 percent sign
straight A equals straight P open parentheses 1 plus straight R over 100 close parentheses to the power of straight T equals 10000 open parentheses 1 plus 25 over 200 close parentheses cubed equals 10000 open parentheses 1 plus 1 over 8 close parentheses cubed equals 10000 open parentheses 9 over 8 close parentheses cubed
rightwards double arrow straight A equals 10000 cross times 729 over 512 equals Rs. space 14238.28
So comma space Interest equals straight A minus straight P equals Rs. space left parenthesis 14238.28 minus 10000 right parenthesis equals Rs. space 4238.28 end style

Answered by Rashmi Khot | 30th Sep, 2017, 03:34: PM