Question

Find CI ;: p is 7000,r.= 20% ,t. =2. 1/2

Answer 1

CI = P(1 +(r/n))^nt

use this formula

CI = 7000(1+0.02)^2.1/2

Answer 2

if t = 2 1/2 then
r =10
t=5years
p= rs 7000
so ci= (1+r/100)^t-p
by using these formula u can get ur ans.....