Question

Calculate amount and compound interest on rupees 1500 for 2 and a half years at 10 % p.a. compounded annually.

Answer 1

37.5 is the compound interest

Answer 2

Ci=(1500(1+10/100)^2.5 )-1500
=(1500*(1.1)^2.5)-1500
=1903.58-1500
=403.58