Saved Bookmarks
| 1. |
Find the compound interest on Rs. 5000 for 2.5 years at a rate of 6% per annum compounded annually |
|
Answer» Answer: 5786.54 Step-by-step EXPLANATION: CI in first year=6/100×5000=300 CI in 2ND year is 5300+6/100×5300=5618 CI in next 1/2 year is 1/2 (6/100×5618)=168. 54 total money is 5618+168. 54=5786.54 |
|