Question

Find the compound interest and amount on Rs 8000 for 2 1⁄2 year
at 10% p.a, compounded annually.

Answer 1

Answer:

1261

Step-by-step explanation:

P= Rs 8000

R=10% p.a

n=1.5 years

When compounded half-yearly,

We have:

A=P(1+200R)2n

A=8000(1+20010)3

A=8000(1.05)3

A= Rs 9261

Also, CI=A–P= Rs 9261– Rs 8000= Rs 1261

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Answer 2

Answer:

instead of 3 years you change it to 2 1/2 years

your answer will be right

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