Question

find the compound interest on rs.2750 at 4 1\2 % p.a for 6 year
​

Answer 1

Answer:

Principal for the first year = Rs. 2500Interest for the first year = Rs. (

2500×10×1

100

)= Rs. 250Amount at the end of the first year = Rs. (2500 +250 ) = Rs. 2750Principal for the second year = Rs. 2750Interest for the second year = Rs. (

2750×10×1

100

)= Rs. 275Amount at the end of the second year = Rs. (2750 + 275) = Rs. 3025∴ Compound interest = Rs. (3025 - 2500) = Rs. 525

Answer 2

Answer:

after this formula p×r×t/100

we can get

= 742.5