calculate the compound interest for rs .2500 for 4 year of 8% per. ann – InterviewSolution

InterviewSolution

1.	calculate the compound interest for rs .2500 for 4 year of 8% per. annum (a) half yearly and (b) quarterly
Answer» A= P(1+r/100)^NA = 2500(1+8/100)^4A = 2500(27/25)^4= 250027/25 27/25 * 27/25 * 27/25= 25 * 25 * 4 * 27/25 * 27/25 * 27/25 * 27/25= 4 * 27 * 27 * 27 * 27 / 25 * 25 = 3401therefore, C.I = 3401 - 2500 = 901

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