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Question

Calculate the amount and compound interest on
Rs. 18,000 for 212 year at 10% per annum compounded annually.

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Solution

P = 18000 ; R = 10%, T=2.5.
So Let T = 2
A=18000(1+10100)2
18000(11/10)2
=21780.
Interest after 2 years
=2178018000=3780
Interest after half year
=21780×10100×12=1089
Total interest after 2.5 year
3780+1089=4869.

1208538_1283899_ans_49d174189dbf4c9ca14e35ba266abb56.jpg

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