Question

find the amount and the compound interest on rs2000 at 10%.p.a for 2 1/2 years, compounded anually​

Answer 1

Answer:

$1st \: year = \frac{2000 \times 10 \times 1}{100} = 200 \\ amount = 2000 + 200 = 2200 \\ 2nd \: year = \frac{2200 \times 10 \times 1}{100} = 220 \\ amount = 2200 + 220 = 2420 \\ 3rd \: year = \frac{2420 \times 10 \times 6}{100 \times 12} = 121 \\ amount = 2420 + 121 = 2541 \\ ci = 2541 - 2000 = 541$

PLEASE MARK ME AS BRAINIST