Question

calculate the amount and the compound interest on ₹ 10000 compounded annually for 2 1/2 years at 4% per annum.

Answer 1

$<b><i>$

solution !

First,

we find the amount after 2 years

A = P( 1 + r/100)n

= ₹ 10000 ( 1 + 4/100)²

= 10000 × (25/25)²

= 10000 × 26/25 × 26/25

= 10816

Answer 2

heya !!


please refer this attachment


thanks !!