Question

Find the compound interest, correct to the nearest rupee, on ₹2,400 for 2.5 years at 5% per annum

Answer 1

Answer:

Rs. 2700

Step-by-step explanation:

P = 2400

R = 5 %

T = 2.5 = 5/2 year

SI = P*R*T/100

= 2400*5*5/100*2

= 300

compound interest = P + SI

= 2400 + 300

= Rs. 2700

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