Question

Find the amount and compound interest
when principal = 50,000, rate = 10% p.a.
compounded annually and time = 2 1/2 years ( this is 2and a half year)
​

Answer 1

Answer:

P = 50000

R = 10%

T = 2 1/2

I = P×T×R

50000×5/2×10/100= 7500

I = 7500

CI = P+I

50000+7500

= 57500