plz answer my question solve it ill mark u as brainliest
Answers
Given,
P = 5000
R = 12%
N = 2years and 5months
To find,
- The compound interest
- The compound amount
Solution,
Let us find for the first 2 years using this formula
Amount = 5000(1 + 12/100)²
= 5000(112/100)² (Cross Multiplication)
= 5000 × 112/100 × 112/100
= 6272
Interest at the end of the second year = A - P
= 6272 - 5000
= 1272
1month = 1/12 year
5months = 5/12 year
The principal for the next two years = 6272
S.I = PRT/100
= 6272×12×5/12×100
= 313.75
Amount = P + I
= 6272 + 313.75
= 6,585.75
Therefore at the end of the 2nd
Year,
Amount= 6585.75
Interest = 1585.75 (1272 + 313.75)
Hope this helps you, please mark this as the brainliest
Answer:
Step-by-step explanation:
Given that,
P = Rs. 5000
r = 12%
Time period = T ( or ) n = 2.5 years = (2 + 5/12) years = 29/12 years.
∴Interest = I = PTR / 100
= 5000 × (29/12) × ( 12 / 100 )
= 50 × 29
= Rs. 1450 is the ananswer