Find the compound interest correct to the nearest rupee ,on Rs2400 for 2 and half years at 5 percent per annum
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Answered by
0
Answer:
formula = A=P(1+R÷100)∧T
A being the amount, P being the principal,R being the rate of interest and T being the time period.
A=2400(1+5÷100)∧2.5=2711.343173
to the nearest rupee= Rs2711
so interest=2400-2711=311
interest=Rs311
ok then the other method is : 2400 × 1.05^2.5=2711........ then subtract from 2400 to get Rs 311 as the interest
it's 312
how subramani
explain it
ok
i am wrong you are right
i don't see half year
why
ok
ook
Answered by
2
Answer:
Step-by-step explanation:
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
mark as brainliest answer plz
can you find it without using the formula
how we find without formula is basic formula for compound interest
sorry??
ok
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