find the compound interest on rs.2750 at 4 1\2 % p.a for 6 year
Answers
Answered by
2
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
Answered by
0
Answer:
after this formula p×r×t/100
we can get
= 742.5
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