Question

What is the compound interest on sum 4096Rs at 15% per annum for 5/2 years if the intrest is compounded 10 monthly

Answer 1

Step-by-step explanation:

4096×1+15/100×1+15/100×1×7.5/100

=4096×115×115×107.5÷1000000

=5823.23-4096

=1727.23

Answer 2

Step-by-step explanation:

10months has given so

10/12=5/6 for 1year(10months has converted to year ok)

5/2*6/5=3years. so we get 3 years so we got years

then rate of interest 15*5/6=12.5%

then substitute in compound interest formula we get

ans=1736