find the compound interest on ₹30,000 15% per annum compounded yearl – InterviewSolution

1.

find the compound interest on ₹30,000 15% per annum compounded yearly for a period of 2 years and 6 months.

Answer»

P= 30000, R = 15%, n = 2Since interest compounded yearly it will be for 2 yrs

A = 30000(1 + 15/100)^2 = 30000(1 +.15)^2 = 30000(1.15*1.15) = 39675

CI = A-P = 39675-30000 = Rs. 9675

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