Question

without using C.I. formula , calculate compound interest
₹50000 for 2½ years at 10%p.a.​

Answer 1

Answer:

hope its helps you.......

Answer 2

Answer:

Compound interest Earned = 13525 Rs on ₹50,000 for 5/2 years at 10% p.a

Step-by-step explanation:

Amount = 50000 Rs

Rate of interest = 10 % pa

Time = 5/2 Years = 2.5 Years = 2 years 6 months

Interest for 1st Year = 50000 * 10 * 1/100

= 5000 Rs

Amount after one Year = 50000 + 5000 = 55000 Rs

Interest for 2nd Year = 55000 * 10 * 1/100

= 5500 Rs

Amount after 2nd Years = 55000 + 5500 = 60500 Rs

Interest for next 6 Months = 1/2 Years

= 60500 * 10 * (1/2)/100

= 3025  Rs

Total Interest Earned = 5000 + 5500 + 3025

= 13525 Rs

Compound interest Earned = 13525 Rs