Question

Calculate the amount of 30000 at the end of 2 years 4 months, compounded annually at 10% per annum.
​

Answer 1

Answer:

Principal(P)  = Rs 30000    

Rate of Interest(r )  = 10%

Time = 2.1/3 years

Here first we take n = 2 years.

A = P( 1 + r /100)n  Where  A = Amount  and n = number of years

A =30000 (11/10)2

A = 30000 ( 121 / 100 )

A = Rs 36300

The Amount after two years = Rs 36300

Now Principal = Rs 36300

Simple interest for last 1/3 year is = PRT/100  =  (36300× 10 × 1 / 3) / 100 = Rs.1210

Amount after 2 1/3 year =  Rs 36300 +  Rs 1210 = Rs 37510 ANS.

please mark brainlist