principal 50000 rate% 10%p.a. time 2.5year. find amount and compound interest without using the formula of compound interest?
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principal=50000ruppes
rate =10%
time =2-1/2year
Amount=p(1+r/100)²(1+1/2×r/100)¹ruppes
Amount=50000(1+10/100)(1+5/100)ruppes
Amount=50000(110/100)²(105/100)¹ruppes
Amount=50000×11/10×11/10×21/20rupped
Amount=63525 ruppes
Compound interest=Amount-principal=63525-50000=13525 ruppes
we solve the sum without using the formula of compound interest
you see the sum how to solve
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