Question

2.) Find the coumpound interest fir
the following data:
Rate / P.a.
Number of years
2.
Principal
Rs. 10500
Rs. 8600
Rs.3000
13
2.5​

Answer 1

answer

p=10500

r=8

N=2

amount =

$p + (1 \times \: r \frac{1}{100} ) ^{n}$

$10500(1 + 8 \frac{1}{100} ) {}^{2}$

$10500 = ( \frac{27}{25} ) {}^{2}$

$10500 \times \frac{729}{625}$

$12247$

$c \: i = a - p$

$= 12247 - 10500$

$= 1747$

$c \: i = 1747$