Question

find the compaundi interest. Correct
to the nearest rupees 2400 of5 years at 5 percent per annum

$\sqrt{27}$
​

Answer 1

Answer:

........................

Answer 2

Answer:

Formula to calculate the compound interest is P[ (1 + R/100)^T - 1]

As per the information given in the question, P = 2400, T = 2 1/2, R = 5%

(2400( 1 + 5/100)^5/2 ) - 1

= 2400[(1.129732) - 1]

= 311.352

Step-by-step explanation: