Question

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Calculate the amount of 30000 at the end of 2 years 4 months, compounded annually at
10% per annum ​

Answer 1

Answer:

Here you go.

I have done my jo VB

Answer 2

Answer:

37510

Step-by-step explanation:

Present value= ₹ 9000 Interest rate= 10 % per annum Time=2 years 6 months = (2 + ½) years= 5/2 years To find the amount we have the formula, Amount (A) = P (1+(R/100))n Where P is present value, r is rate of interest, n is time in years. Now substituting the values in above formula we get, ∴ A = 9000 (1 + 10/100)2 [1 + (1/3 × 10)/100] ⇒ A = 9000 (1+1/10)2 (1+1/30) ⇒ A = 9000 (11/10)2 (31/30) ⇒ A = 9000 × 121/100 × 31/30 = 9 × 121 × 31/3 ⇒ A = ₹ 11253 ∴ Compound interest = A – P = 11253 – 6000 = ₹ 2253Read more on Sarthaks.com - https://www.sarthaks.com/737643/find-the-amount-and-compound-interest-9000-for-years-months-per-annum-compounded-annually I did like this method to get the answer kindly do like this to get the answer