Question

find the compound interest to the nearest on Rs. 7500 for 2 years 4 month at 22% per annum reconned annually?
Please solve this question for me.

Answer 1

Answer:

2284.32

Step-by-step explanation:

P= 7500

R= 12%

n = 2yr 4 month

= 2yr 1/3 yr

A = P (1+r/100)^n

= 7500×(1+12/100)^2 × ( 1+1/3×12/100)

= 9784.32

C.I = (A-P)

= (9784.32-7500) = 2284.32 (Ans)

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