Question

find the compound interest on the sum of Rs 18000 at the rate of 10% per annum for 2 1/2 years

Answer 1

Given,

P= 18,000

T=2.5 Years

R= 10%

To find,

CI

Solution -

CI=P(1+R/100)^t

=18000(11/10)^5/2

= 18000(121√110/1000). -- Calculating numbers raise to fraction is tricky ask another question for that sake

=2178√100

=22843.056