Question

p= 4000 rs r= 10 % t= 2 and a half years find amount by compound interest

Answer 1

Formula: A = P(1+R/100) n A= 4000 (1+ 10/100)2 4000(11/10)2 4000x1.21 = 4840 Compound Interest = A- P = 4840-4000 = 840/- Compound interest is rs. 840/-