Question

Find CI paid when a sum of Rs 18000 is invested for 2years 6 months at 10% per annum compounded annually.



Please give me correct answer
The point of correct answers is 69 point you got ​

Answer 1

Answer:

4973.068

Step-by-step explanation:

and as we know that we have 6 equal months 4 times in 2 years and we have another half year total 5, 6 months.

Now,CI = P{ [1+R/100]^n-- 1}

where n is the time

As we are taking every 6 months so we will half the rate that is 5%

CI = 18000 { [1+5/100]^5--1}

= 18000 { [21/20]^5--1}

= 18000 { [4084101/3200000--1] }

= 18000 [884101/3200000]

= 4973.068

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