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ICSE Class 10 Answered

calculate the amount and the ci on rs.10000 for 11/4 yrs at 10% p.a compounded annually.
Asked by muskangupta6162 | 10 Mar, 2016, 12:20: PM
answered-by-expert Expert Answer
begin mathsize 12px style Total space amount space after space 2 space years equals 10000 open parentheses 1 plus 10 over 100 close parentheses squared equals 10000 cross times 110 squared over 100 squared equals 12100 11 over 4 space years equals 2 space years space plus 3 over 4 space year After space two space years comma space amount equals 12100 comma space period equals 3 over 4 comma space straight R equals 10 percent sign Interest equals fraction numerator 12100 cross times 10 cross times begin display style 3 over 4 end style over denominator 100 end fraction equals 907.5 Hence comma space total space amount space after space 11 over 4 space years equals 12100 plus 907.5 equals 13007.5 Total space interest space equals 2100 plus 907.5 equals 3007.5 end style
Answered by satyajit samal | 11 Mar, 2016, 01:06: PM
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