Question

Find the amount and the CI . Rs 25000 for 2 1/2 years at the rate of 5% compounded annually

Answer 1

Answer:

principal= Rs. 25000

time=2 years 6 months

Rate=5% p.a.

So first we will find amount for 2 years.

Amount= 25000(1+ 5/100)²=25000(1 + 1/20)²

=25000* 21/20 * 21/20

=Rs. 27562.50

now principal for next 6 months that is 1/2 year is Rs 27562.50

now S.I.= 27562.50*1*5 / 2*100

             =Rs 689.0685

Amount total after 2 and half year= 78400+4704=Rs. 83104