Question

find the compound interest on rs.30000 @ 15% per annum compounded yearly for a period of 2 years and 6 months ​

Answer 1

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P=Rs.30,000,T=2years and R=10%

⇒ A=P(1+ R/100 ) T

⇒ A=30000×(1+ 10010 )^2

⇒ A=30000× 11\10× 11/10

∴ A=Rs.36300

⇒ C.I.=A−P=Rs.36300−Rs.30000=Rs.6300