Question

Find the amount of rs 800 at compound interest in 2 1/2 years at 5 per cent

Answer 1

Answer:

Step-by-step explanation:

Answer 2

The Amount is Rs.903.78

Step-by-step explanation:

Principal = Rs.800

Time = $2\frac{1}{2}=\frac{5}{2}$ years

rate of interest = 5% = 0.05

$Amount = P(1+r)^t$

P = Principal

t = time

r = rate of interest in decimal

Substitute the values:

$Amount = 800(1+0.05)^{\frac{5}{2}}=903.78$

Hence The Amount is Rs.903.78

#Learn more :

On what sum of money will the compound interest for 2 years at 5 per cent per annum amount to ₹ 768.75 ?

https://brainly.in/question/2529023