Question

Rs.18000 for 5/2years at 10%per annum compounded annually

Answer 1

Answer:

First we will find amount for 2 years,

A=18000(1+ 10/100)²

=18000*11/10*11/10

=21780

now find interest for half year on 21780

=21780*1*10 / 100*2

=1089

so amount total=21780+1089

=Rs 22869