Question

find the amount and compound interest on 13500 for 2 years 6 months at 10% per annum compounded annually​

Answer 1

Answer:

p(100%)=15000,rate=10% per annum

(convert this for half year=5% )

time =2 half years

C .I for two half years=5+5+25/100=10.25%

(CI for 1 year compounded half yearly)

amount=p+CI =100 +10.25=110.25%

Here p is 100%=15000

amount=110.25*15000/100=16537.50