Question

find the amount to be paid for rs 500 after 2 years 6 months @5%​

Answer 1

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₹562.5

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Answer 2

Answer:

562.5

Step-by-step explanation:

amount =500

duration= 2 year 6 months=2 and 1/2 year=2+1/2=5/2

rate of interest per year=5 % of 500

                                       =5/100*500

                                       =25

rate of interest for two and half year=25*5/2

                                                           =125/2

                                                           =62.5

                           amount to be paid=500+62.5    

                                                          =562.5