Question

Find the compound interest on Rs. 30,000 @ 15% Per annum compounded yearly for a Period of 2 years and 6 months.​

Answer 1

Answer:

29512.5

Step-by-step explanation:

principal for 1 year is = 30,000 rs

interest for 1 year is = 30,000 × 15/100 × 1

= 4500 rs

principal for second year = 30,000 + 4500

= rs 34500

interest for 2 year = 34500 × 15/100 × 1

= 5175 rs

principal for 3 year = 34500 +5175

= 39675

interest for 3 year is = 39675 × 6/12 × 1

= 19837.5

at the end of third year = 39675 + 19837.5

= 59512.5

CI = Amount - original principal

= 59512.5 - 30,000

= 29512.5