calculate the amount and CI on 5000 . compound annually for 2 years and 6 month at the rate of 10%p.a.
Answers
Answered by
0
Answer:
₹6,345 , ₹1,345
Step-by-step explanation:
time here is 2yrs.6months=2½yrs.=5/2yrs.
Amount=Principal (1+rate/100)^t
=₹5,000×(110/100)^5/2
=₹5,000×(11/10)^5/2
=₹6,345.29353
≈₹6,345 (ans)
so, C.I=₹6,345-₹5000=₹1,345 (ans)
[I took help of calculator...so kindly confirm the calculation.Ignore symbol "₹". Thank you.]
Answered by
0
Step-by-step explanation:
rate(r) = 10% p.a.
time (t)= 2years and 6 months = 2 and 1/2 years.
Amount with C.I= principal*(1*rate /100)^time
Amount = 6,345.29
A = P + I where
C.I.= Amount - principal
Compound interest = 1,345.29
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