Question

Find the amount and compound interest on ₹ 2000 at 10% p.a for 2 1/2 years compounded annually

Answer 1

The compound interest accumulation formulae is :

P(1 + i) ⁿ = A

A = Accumulated amount

P = principle amount

i = interest rate

n = Time in years

CALCULATIONS :

P. = 2000

i = 10%

n = 2.5 years

(1.10)^2.5 × 2000 = 1.26906 × 2000 = 2538.12

Rs 2538.12

Answer 2

Step-by-step explanation:

by shahnawaz

first we took out 2 year amont

then half year