Question

Find the compound interest on rs 4000 for 5/2 yrs at 10℅per annum​

Answer 1

Answer:

here, principal (p)=Rs.4000

time(t)=5/2 years =2.5

Rate(r)=10 percent

compound interest =(p(1+r/100)^t-1)

=4000(1+10/100)^2.5-1)

=4000(1.26905-1)

4000×0.26905

=Rs.1076.23