Question

Calculate the interest on ruppes 15000 at 5% per annum compounded annualy for 2and ahalf years​

Answer 1

Answer:

Step-by-step explanation:

P=15000

R=5%

N=2andhalf years

Simple interst=p×r×n/100

=15000×5×1/2×100

=75000/200

=375

A=p(1+r/100)^n

=15000(1+5/100)^2

=15000(105/100)^2

=15000×105/100×105/100

=16537.5

A=16537.5+375

=16912.5

Compound interest=a-p

=16912.5-15000

=1912.5