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yKpoI14uk [10]
2 years ago
12

find compound interest paid when a sum of Rupees 10,000 is invested for 1year & 3 months at 17/2% per annum compounded annua

ly. ​
Mathematics
1 answer:
Naddika [18.5K]2 years ago
4 0

Answer:

Rs 1,073.56

Step-by-step explanation:

The computation of the compound interest is shown below:

Compound interest = Principal (1 + rate of interest)^time period - Principal

= Rs 10,000 × (1 + 17 ÷ 2%)^1.25 - Rs 10,000

= Rs 10,000 × (1 + 0.085)^1.25 - Rs 10,000

= Rs 11073.56 - Rs 10,000

= Rs 1,073.56

The 1.25 come from

1 year & 3 months

= 5 by 4

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Step-by-step explanation:

The given question is without any figure or attachment. Here is the figure attached with the answer.

In the figure attached,

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