calculate the compound interest due in 2.5 years on rs 6000 at 10 % compound anually
Answers
Answered by
2
Answer:
₹ 9246 is the C.I and ₹ 15,246 is the amount.
Step-by-step explanation:
[A = P × ( 1 + R/100)ⁿ]
Given,
Time = 2.5 years
Principal = ₹ 6,000
Rate = 10% @
∴ According to formula:
A = 6000 × ( 1 + 10/100)² × ( 1 + 5/100)¹
[∵ 0.5 is half yearly so 10/2 = 5%@]
Equating it;
6000 × ( 1 + 10/100)² × ( 1 + 5/100)¹
=> 6000 × (11/10)² × (21/20)
=> 6000 × 121/100 × 21/20
=> 6 × 121 × 21
=> 15,246.
∴ The C.I is ₹ (15,246 - 6000)
= ₹ 9246.
Hope it helps...please mark as brainliest.
Similar questions