Question

Calculate the amount and the compound interest on rupees 8000 in two and half year at 15% per ammu

Answer 1

Answer:

solution,

principal =8000

time=2.5 year

rate=15% per year

compound interest =[p(1+r/100)^t -1]

=[8000(1+15/100)^2.5 -1]

=[8000(1.15)^2.5-1]

=8000×1.418-1

=8000×0.418

=Rs.3344

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