Question

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

Answer 1

Future investment value :

25,653.92

★彡[Happψ τo help]彡★

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:

Hope it will help you