Question

let us find the amount of rs. 30000 at the rate of 6% compound interest per annum for 2½ years ​

Answer 1

Answer:

4016.76 rs

Step-by-step explanation:

Correct option is

A

4016.76

Here, V=Rs.30000,r=12%=0.12 and n=20.

We know V=rA[1−(1+r)−n]

Thus 30000=0.12A[1−(1+0.12)−20]

⇒   A=[1−(1+0.12)−20]30000×0.12

⇒  A=[1−(1.12)−20]3600

⇒  A= Rs. 4016.76

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