ransaction:
(B) Calculate the amount and compound interest on Rs. 18,000 for
5/2 years at 10% per annum compounded annually:
Answers
Answered by
2
Step-by-step explanation:
Given,
Principal,P =Rs.18000, Rate,R = 10% and time period,n = 2.5 years.
We know, Amount when interest is compounded annually =
Amount after 2 years at 10% , A =
= Rs.21780
This acts as the principal amount for the next half year.
SI on next 1/2 year at =
= Rs. 1089
Therefore, Total amount to be paid after 2.5 years = Rs. (21780+1089) = Rs.22869
Now, Compound Interest after 2 years = A - P = Rs.(21780-18000) = Rs. 3780
Therefore, Compound Interest after 2.5 years, CI = Rs. 3780 + SI = Rs.4869
Answered by
1
Answer:
p=18000 T=5/2. R=10%
P×R×T/100
1800×5÷2
×10÷100
Similar questions
English,
1 month ago
Accountancy,
1 month ago
Environmental Sciences,
3 months ago
Psychology,
8 months ago