Question

calculate the amount and compound interest on 15000 for 2 years and 6 months at 10% per annum compounded annually

Answer 1

Answer:

Amount=₹19,057.50

C.I=₹4,057.50

Step-by-step explanation:

Amount=15000(1+10/100)^2(1+5/100)^1

=15000× 11/10 × 11/10 ×21/20

=15×11×11×21/2

=19057.50

C.I= amount- p

c.I=19057.50-15000

c.I=4057.50