Question 9: Find the compound markup on \(Rs.\) \(3,75,000\) for one year at the rate of \(14\%\) compounded annually.
Solution:
\[
\begin{align*}
\text{Amount} & = 375000\\ \text{Rate} & = 14\% \\ \text{Markup}&= 375000 \times 14\%\\&= 375000 \times \frac{14}{100}\\&=3750 \times 14 \\&=52500\text{ RS}\\
\end{align*}
\]