(Brainliest answer to be chosen plus extra points)Find the compound interest on Rupees 1500 for 5/2 years at 10% per annum when the interest is payable annually
Answers
Answered by
0
Actually are used interest calculator and here is your answer
Attachments:
Answered by
1
Step-by-step explanation:
Given:
Principal(P)=1500
Rate of interest(r)=2%
Number of years=2(semiannually)
Formula:
Amount(A)=P(1+
100
r
)
2
⇒A=1500(1+
100
2
)
2
⇒A=1500×(1.2)
2
⇒A=2160
Compound Interest=A−P
=2160−1500
=660
Therefore, compound interest=660.
Similar questions