Question

find the compound interest when principal is rupees 50000 rate is 10% per annum and time is two and half years find the amount payable at the end of two and half years

Answer 1

that's a solve and answer is l mean to say that C.I is equal to 13525

Answer 2

Amount = 63452.935

Compound  Interest = 13452.935

Step-by-step explanation:

Given,

Principal, p = Rs.50000

Rate , r = 10 %

Time , t = $2\frac{1}{2}$ = $\frac{5}{2}$ = 2.5 years

Compound interest = ?

Amount = ?

We know that,

$Amount = p\times \left( 1 + \frac{r}{100} \right)^t$

$Amount = 50000\times \left( 1 + \frac{10}{100} \right)^{2.5}$

$= 50000\times \left( \frac{11}{10} \right)^{2.5}$

$= 50000 \times 1.1^{2.5}$

$= 50000 \times 1.26905$

Amount = 63452.935

Thus, Amount =  interest + principal

Interest = Amount - principal

             =  63452.935 - 50000

Compound  Interest = 13452.935