Question

Rahul deposited rupees 15000 in a bank for 2½ years. find the amount that he will get at the end of 2½ years. if the rate of interest is 8% p.a. compound interest.​

Answer 1

Answer:

3000

Step-by-step explanation:

$simple \: interest \: = \frac{pnr}{100}$

Here p = 15000

n = 2 1/2 years = 5 / 2 years

r = 8

Now ,

$simple \: interest \: = \frac{15000 \times 5 \times 8}{100 \times 2} \\ \\ \: \: \: \: \: = 150 \times 20 = 3000$