Question

Rs 1800 for 2 1/2 years at 10% per annum compound annually

Answer 1

P = 1800

r = 10%

t = 2 1/2

= 5/2

A = p [ 1+(r/100)]^time

= 1800 [ 1+ (10/100)]^5/2

=1800 × 1.269

= 2284.3

I =A-p

=2284.3-1800

= 484.3