Question

A 2 3. Find the compound interest on 30,000 @ 15% per annum compounded yearly for a periodol 2 years and 6 months.​

Answer 1

Answer:

9675

Step-by-step explanation:

P= 30000, R = 15%, n = 2

Since interest compounded yearly it will be for 2 yrs

A = 30000(1 + 15/100)^2

= 30000(1 +.15)^2

= 30000(1.15*1.15)

= 39675

CI = A-P = 39675-30000

= Rs. 9675