Question

Find the amount and the compound interest on ₹2000 at 10% p.a. for 2.5 years,
compounded annually.

Answer 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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Answer 2

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:

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