Find the amount and the compound intrest on2000 at 10% p.a for 2 and half yrs compound annuvally. Plzz dont spam
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Find the amount and the compound intrest on2000 at 10% p.a for 2 and half yrs compound annuvally. Plzz dont spam
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Answer:
Amount = Rs 2541
Compound Interest = Rs 541
Step-by-step explanation:
Principal (P) = Rs 2000
Rate of interest (r) = 10 %
Amount (A)
Compound Interest (C.I)
As, We See time is given in fraction So, We have to solve it in different step.
1st Solution:
P = Rs 2000
r = 10 %
t = 2 yr
Formula for Amount in Compound Interest
2nd Solution:
P = 2420 Rs
r = 10 %
t = 1/2 yr
Formula for Amount in Simple Interest
Now,
Amount = Rs (2420 + 121)
= Rs 2541
Compound Interest = Rs ( 2541 - 2000)
= Rs 541
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