In what time will a sum of rs 24000 amount to rs 25215 at 2 1/2% compound interest?
Answers
Answered by
1
Answer:
In a half year your amount will come to 25215
Answered by
1
Step-by-step explanation:
ar first we have to calculate for 2 years,
effective% :-
= 1 yr ci+ 2 yr ci +1 ci* 2 ci /100
2.5+2.5 +[(2.5+2.5)/100] = 5.0625%
100% = 24000
5.0625 % = x
apply cross multiplication method,
x = ₹ 1215 interest
A = P + SI
= 24000+1215
= ₹25215
satisfied✅
sum of rs 24000 amount to rs 25215 in 2 years
Similar questions