Question

find the compound interest on rs 7000 at the rate 10% per annum for 2 and half year when interest is compounded annually​

Answer 1

Answer:

1470 is CI

Step-by-step explanation:

Ci= 7000 (1 + 10/100)^2 = 7000 (11/10)^2, 7000×121/100 = 8470 is amount then 8470-7000 = 1470 which is C.I.