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