Question

find the compound intrest correct to the nearest rupee on 2400 for 18 month at 5 percent annum​

Answer 1

Step-by-step explanation:

Ist year=2400×5×1/100=120

amount=2400+120=2520 2nd year=2520×5×1/100=126 amount =2520+126=2646 3rd year =2646×5×1/100=1323/10=132.3 amount =2646+132.3 =2778.3 CI=A-P=2778.3- 2400=378.3