Question

Calculate Amount and Compound Interest.

$18000 \: rupees \: for \: 2 \frac{1}{2} \: years \: at \: 10 \: percent \: per \: annum \: compounded \: annually .$
Please tell me fast.....​

Answer 1

Step-by-step explanation:

ANSWER

P = 18000 ; R = 10%, T=2.5.

So Let T = 2

A=18000(1+

100

10

)

2

18000(11/10)

2

=21780.

Interest after 2 years

=21780−18000=3780

Interest after half year

=21780×

100

10

×

2

1

=1089

Total interest after 2.5 year

3780+1089=4869.