Question

How much would a sum of Rs. 25,000 amount to in 1.5 years at 8% p.a , if the interest iscompounded yearly​

Answer 1

Answer: rs. 28058

Step-by-step explanation:

Given: principal = 25000

Time (n) = 1.5 years

Rate of interest = 8%

Amount = principal x (1 + R/100)^N

= 25000 x (1 + 8/100)^1.5

= 25000 x (1 + 2/25)^1.5

= 25000 x 27/25^1.5

= 25000 x 140.29/125

= 200 x 140.29

= 28058

Answer 2

Answer:

28058

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