Question

find the on out on 5,000 at 5 % p. a for 2/1/2 year​

Answer 1

Explanation:

1. 5000(1+5/100)5/2
2. 5000(105/100)

Answer 2

Answer:

Principal - 5000

Rate of interest - 5%

Number of years - 2 and 1/2 = 2.5 years

TO FIND AMOUNT

∆ Amount =P(1+R/100)^N

Amount = 5000 (1+ 5/100) ^2.5 (First we need to find 2 years)

Amount = 5000× 105/100×105/100

= 5,512.5×0.5

= 2,756.25

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