Question

Prancipal = Rs:10,000
Rate = 8%
Years - 2 3/4 yrs,
intrest compounded annually. find the intrest​

Answer 1

Answer:

2363.84

Step-by-step explanation:

here

p= 10000

n=2 3/4 yr => n= 2 and a/b = 3/4

R= 8%

now

A = P(1+R/100)^n x (1+a/b × R/100)

= 10000x(1+8/100)^2 x (1+3/4 × 8/100)

= 12363.84

now CI = A - P

= 12363.84 - 10000

= 2363.84