Question

Find the amount and the compound interest on Rs. 30,000 at 10% per annum for 2year and 6month.​

Answer 1

Answer:

principal = 30,000

rate = 10 %

year = 2 year

(principal x rate x year) (30,000 x 10 x 2 )

__________________ = ___________________

.

= 6,00,000

__________

= 6,000

simple interest = 6000

Amount. = principal x simple interest

= 30,000 x 6,000

= 180000000

amount of 2 year= 180000000

simple interest = 30000 x 10 x 6

_____________

= 180000

Amount of 6 month= principal x simple interest

= 30000 x 180000

= 5400000000