Find the CI on Rs 2500 in 2.5 years@ 4℅ p. a. compounded annually. find the amt also.
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Answered by
0
Answer:
4755.34
Step-by-step explanation:
A=P(1+
R
100
)t
P = 10800, R =12
1
2
% and t = 3 years
So, A=10800(1+
25
200
)3
=10800(1+
1
8
)3
=10800(
9
8
)3
=10800×
9
8
×
9
8
×
9
8
=15377.34
So, Interest =A–P
=15377.54-10800=4577.34
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