Question

find the compound interest on ₹4000 at 10 %for 2 years 3 months when the rate is compounded annualy.
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Answer 1

Step-by-step explanation:

P= 4000

R=10%

T = 2yrs 3 months

= 2 3/12 yrs

= 2 1/4

=1/2 yrs

I = PRT/100

=(4000×10×1)/100×2

=400/2

=200/-

A=P+I

=4000+200

=4200/-

CI= A-P

=4200-4000

=200/-

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