Question

Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually​

Answer 1

Answer:

Time = 2 years 4 months = 2(4/12) years = 2(1/3) years

★Amount = Rs'. [8000 X (1+(15/100))^2 X

(1+((1/3)*15)/100)]

= Rs. [8000 * (23/20) * (23/20) *

(21/20)]

= Rs. 11109.

★ C.I. = Rs. (11109 - 8000) = Rs. 3109

Answer 2

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Check the attachment !!☺☺☺