Question

What is the compound interest on sum of 10000 at 14% p.A for 2 5/7 years

Answer 1

The compound interest on sum of 10000 at 14% p.A for 2 5/7 years is 17143

Step-by-step explanation:

Principal amount = 10000 Rs.

Rate of Interest = 14%

Period $=2\frac{5}{7}$

$=\frac{19}{7}$ years

The compound interest is given by

$I=P(1+\frac{r}{100})^n-P$

$\implies I=10000(1+\frac{14}{100})^{19/7}-10000$

$\implies I=10000[1.14^{19/7}-1$

$\implies I=10000(2.7143-1)$

$\implies I=10000\times 1.7143$

$\implies I=17143$

Hope this answer is helpful.

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Answer 2

Answer:

Step-by-step explanation: