Take 3 quarters minus one eighth and you’ll get ur answer
<h2>Answer </h2>
Amount (A) = P[1 + (r/100)]n
Principal (P) = ₹ 26400
Time period (n) = 2 years 4 months
Rate % (R) = 15% compounded annually
<h3>Steps </h3>
First, we will calculate Compound Interest (C.I) for the period of 2 years
A = P[1 + (r/100)]n
= 26400[1 + (15/100)]²
= 26400[(100/100) + (15/100)]²
= 26400 × 115/100 × 115/100
= 26400 × 23/20 × 23/20
= 26400 × 1.3225
= 34914
C.I. = A - P
= 34914 - 26400
= 8514
Now, we will find Simple Interest (S.I) for the period of 4 months
Principal for 4 months after C.I. for 2 years = ₹ 34,914
<h3>We know that ,</h3>
S.I = PRT/100
Here T = 4 months = 4/12 years = 1/3 years
S.I. for 4 months = (1/3) × 34914 × (15/100)
= (1/3) × 34914 × (3/20)
= 34914/20
= 1745.70
Total interest for 2 years 4 months = 8514 + 1745.70
= 10259.70
Total amount for 2 years 4 months = 26400 + 10259.70
= ₹ 36659.70
<h3>
So , the correct answer is ₹ 36659.70 . </h3>
0.02 as a mixed number is 2/100 which is reduced to 1/50
Answer:
yes
Step-by-step explanation:
