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. The compound interest on 4,000 at10% per annum for 2 years 3 months,compounded annually, will be: |
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Answer» Answer: 961 mark me brainiest I will FOLLOW you Step-by-step explanation: Principal(P) = RS 4000 Rate of Interest(r ) = 10% Time = 2 years and 3 MONTHS Here first we take n = 2 years. A = P( 1 + r /100)n Where A = AMOUNT and n = number of years A = 4000 (11/10)2 A = 4000 ( 121 / 100 ) A = Rs 4840 The Amount after two years = Rs 4840 Now Principal = Rs 4840 Simple interest for last 3 month i.e 1/4 year is = PRT/100 = (4840 × 10 × 1 / 4) / 100 = Rs.121 Amount after 2 years and 3 months = Rs 4840 + Rs 121 = Rs 4961 C.I = A - P C.I = 4961 - 4000 = Rs. 961 ∴ The compound interest is Rs. 961 |
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