Question

calculate amount and compound interest on Rs.100000 for 2.5 years at 4% per annum compounded annually
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Answer 1

Answer:

To calculate this we have an equation

p(1+r/100)^n

p=amount

r=rate

n=no.of years

100000×{1+4/100}²½

100000×(104/100)²½

100000×{1.04}²½

100000×1.10

110,301.99

Step-by-step explanation:

Let's round off this to ₹110,302