Question

Find the compound interest on ₹3800 for 2 1/2
years at 6% per annum.

Answer 1

Answer:

First year interest=3800*10/100=380

Next six months=(3800+380)/5/100

=4180*5/100=20900/100=209

Total interest=380+208=588

Rs.588 Ans.

Answer 2

Answer:

ans 588

Step-by-step explanation:

First year interest=3800*10/100=380

Next six months=(3800+380)/5/100

=4180*5/100=20900/100=209

Total interest=380+208=588

Rs.588 Ans.