Question

Aparna borrows a sum of ruppess 2500 for 2 years 3 months at 8% p.a. compounded annually.Find:
(i) the C.I. for 2 years
(ii) the amount at the end of 2 years 3 months​

Answer 1

Answer:

P(1)=Rs2500, r%=8, A for 2Years

A=2500(1+8/100)^2=2916

P(2)=Rs2916, r%=8, I for 3 months

I=(2916*8*3/12)/100=58.32

A(2)=2916+58.32=2974.32

(i) CI=2974.32-2500=474.32

(ii) ) The amount at the end of 2 years 3 months is Rs2974.32

Answer 2

Answer:

P(1)=Rs2500, r%-8, A for 2 Years

A=2500(1+8/100)^2=2916

P(2) Rs2916, r%-8, I for 3 months

1=(2916*8*3/12)/100=58.32

A(2)=2916+58.32=2974.32

(i) Cl=2974.32-2500=474.32

(ii)) The amount at the end of 2 years 3 months is Rs2974.32

Step-by-step explanation:

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