Question

Find the compound interest if the interest is compounded annually on sum of 65000 for 2.5year at 3%per annum​

Answer 1

Answer:

4875

Step-by-step explanation:

p=65000

t=2.5y

r=3%

i =p×t×r÷100

=65000×2.5×3÷100

=65000×7.5÷100

=487500÷100

=4875