Question

find the amount and compound interest on rupees 15000 for 1 and a half years at 10 percent per annum

Answer 1

Answer:

Step-by-step explanation:

Compound interest = 3150 Rs

● Explaination -

# Given -

P = 15000 Rs

r = 10 % per annum

t = 2 years

# Solution -

Compound interest over sum p is given by formula -

CI = P [(1+r)^t - 1]

CI = 15000 [(1 + 10/100)^2 - 1]

CI = 15000 [(1+0.1)^2 - 1]

CI = 15000 [1.1^2 - 1]

CI = 15000 [1.21 - 1]

CI = 15000 × 0.21

CI = 3150 Rs

Therefore, compound interest is 3150 Rs.

mark me as the brainiest