Question

calculate the amount and compound interest on 6000 in 2½ years at 15 per year​

Answer 1

Answer:

As we know that:





Substituting the values,



Solving further,









Opening the brackets,



Cutting off the zeros,





Reducing the numbers,



Multiplying the numbers,



Dividing the numbers,



Hence,

Amount is ₹8530.125

Now,

As we know that,

CI = Amount - Principal

= ₹(8530.125 - 6000)

= ₹2530.125

Hence,

Compound Interest is ₹2530.125