Question

Find the amount and the compound interest on 2000 at 10% p.a. for 2 and a half years, compounded annually.
Ans is 2541; 541​

Answer 1

Answer:

A = 2OOO(1 + 1O\1OO)² ¹\²

A = 2OOO x (11\1O)² ¹\²

A = 2OOO x 1.269O59

A = 2538.118

or

lets take 1.269O59 be 1.27 then A ,

A = 254O

Now C.I = 2538.118 - 2OOO

Ans = 538.118 or 54O( if take 1.269O59 be 1.27)

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