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



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