Question

Find the amount when Rs. 10,000 is invested for two and a half years at 10% interest compounded yearly.​

Answer 1

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Answer 2

Answer:

Amt = 12,690.5

Step-by-step explanation:

Principle = 10,000

Rate of interest = 10%

Time = 2 yrs 6 months

Amt = p( 1 + r/100)ⁿ

Amt = 10,000( 1 + 0.10)⁵/₂

Amt = 10,000(1.10)⁵/₂

Amt = 10,000 * 1.269059

Amt = 12,690.5