Question

FIND THE COMPOUND INTEREST FOR 2 1/2 YEARS ON RUPEES 4000 AT 10%P.A IF THE INTEREST IS COMPOUNDED YEARLY.

Answer 1

Answer:

CI=p(1+r/100)n

= 4000(1+10/100)2

= 4000 × 11/10 × 11/10

= 40×121

4840

then, take the amount be principle

SI = p×r×t/100

=4840×10×1/100×2

= 242

242+4840

5082 is the amount