Question

Find CI on Rs. 5000 at 10% p.a. for 2 1/4 years compounded annually.​

Answer 1

Answer:

3550 rupees

Step-by-step explanation:

PrincipalP==5000Rs

Compond Rate per annum=10%

Time=5.5yrs=5.5×2=11=n half years

A=P×(1+

100

r

)

n

A=5000×(1+

100

5

)

11

A=5000×(1+(0.05))

11

A=5000×(1.05)

11

A=5×1.71

A=8550Rs

CI=A−P=8550−5000=3550Rs

Hence the answer is 3550Rs

Answer 2

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