Find the amount and the compound interest on ₹2000 at 10% p.a. for 2.5 years,
compounded annually.
Answers
Answered by
1
Answer:
P=Rs 2000
R=10%
T=2
1/2
years =
2
5
years.
A=P(1+
100
R
)
T
=2000(1+
100
10
)
5/2
=2000(
10
11
)
5/2
=2538.1
≃ 2538
C.I=A−P
=2538−2000
=538.
Hence Amount =Rs 2538
C.I=Rs 538
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Answered by
6
Answer:
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
Step-by-step explanation:
Hope it will help you
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