Question

Find the compound interest on Rs 4000 for 5/2 years at 5% per annum, compounded annually.​

Answer 1

Answer:

1720

Step-by-step explanation:

p(1+r/100)^n is the formula

4000 ( 5/100) ⁵/² will give you the answer

Answer 2

Answer:

p=4000

t=5/2

r=5%

ci=p(1+r/100)^n-p

ci=4000(100+5/100)^5/2-4000

ci=4000(105/100)^5/2*2-4000

ci=4000(105/100)*105/100*105/100*105/100*105/100)-4000

ci=5105.1265-4000

ci=1105.1265