Mathematics
If the letters have usual meanings, the formula for finding compound interest, compounded yearly for the given time is : 1(1/2) years : 1. P[(1 + r/100)^1(1/2) -1] 2. P(1+r/100)(1+r/100)-P 3. P(1 + r/100)^3 4. P(1 + r/100)^3(1 + r/200) - P
Related Questions
A certain sum of money amounts to ₹ 23400 in 3 years at 10% per annum simple interest. Find the amount of the same sum in 2 years at 10% p.a. compound interest.
Mohit borrowed a certain sum at 5% per annum compound interest and cleared this loan by paying ₹ 12600 at the end of the first year and ₹ 17640 at the end of the second year. Find the sum borrowed.