Question

Calculate the compound interest and amount on 50,000 for 2 years 5 months at 12% p.a. , compounded annually

Answer 1

Aɴꜱᴡᴇʀ

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Gɪᴠᴇɴ

A=50000

t=2 years 5 months=29 monthes

interest-12%=0.012

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ᴛᴏ ꜰɪɴᴅ ᴛᴏ ᴘʀᴏᴠᴇ

Compound interest

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Sᴛᴇᴘꜱ

$\sf{}A = P(1 + r) {t}^{2} \\ \sf{}A= 50000(1 + 0.12) {2.5}^{2} \\ \sf{} A =50000( 1.12)(6.25)$

$\sf{}a = 350000$

so the interest =A-P

=350000-50000

=300000

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$\huge{\mathfrak{\purple{hope\; it \;helps}}}$

Answer 2

Answer:

A = P(1 + r ) t²

A = 50000(1.12) (6.25)

A = 350000.

Interest = Amount - Pricipal

= 350000 - 50000

= 300000.

Step-by-step explanation:

Hope it helps ✔✔