Question

Q 2 Find the amount if ₹ 2,000 is invested for 2½ years at 4% p.a. compounded annually.​

Answer 1

Answer:

2206.040..

Step-by-step explanation:

Answer 2

Answer:

Step-by-step explanation:

Principle = 2,000

Rate of interest = 4%

Time = 2¹/₂ i.e. 5/2

Amt = p( 1 + r/100)ⁿ

Amt = 2000( 1 + 0.04){⁵/₂}

Amt = 2,000 * 1.10301990

Amt = 2,206