Question

1
2
1
2.
(c) 62,500 for 1
years at 8% per annum compounded half yearly,
1 9%
1. Calculate the annount and compound interest on
(a) 10,800 for 3 years at 12% per annum compounded annually
(d) 18,000 for 1 year at 9% per annum compounded half yearly.
(You could use the year by year calculation using SI formula to verify).
(b) 18,000 for 2 years at 10% per annum compounded annually.
(e) < 10,000 for 1 year at 8% per annum compounded half yearly.​
.
try to answer please

Answer 1

Answer:

Here, P = $320,000, R = 20% p.a. and n = 1 year.

∴ Amount after 1 year = P ( 1 + R/4 ) 4n

= 320,000 x ( 1 + 0.20/4 ) 4 x 1

= 320,000 x ( 1 + 0.05) 4

= 320,000 x (1.05 ) 4

= 320,000 x 1.21550

= Rs. 388,962