1 (a) 7 10,800 for 3 years at 12% per annum compounded annually. (b) 18,000 for 2 2 years at 10% per annum compounded annually. 1 (c) 62,500 for 1 years at 8% per annum compounded half yearly. (d) 38,000 for 1 year at 9% per annum compounded half yearly. (You could use the year by year calculation using SI formula to verify). (e) 10,000 for 1 year at 8% per annum compounded half yearly.
Answers
Answer:
a) 7 10,800 for 3 years at 12% per annum compounded annually
We are given principal = 10800 , Time = 3 years and Rate = 12 1/ 2 % means 12.5 %
Now , we will use this formula to find Amount
A= P ( 1 + r/100 ) ^ t
A= 10800 ( 1 + 12.5 /100 ) ^ 3
A = 10800 ( 1 + 0.125 ) ^ 3
A= 10800 ( 1 .125 ) ^ 3
A= 10800 ( 1.125 ) * ( 1.125) ( 1.125 )
A= 10800 ( 1.4238 )
A = 15377.34
Step-by-step explanation:
Answer:
a) 7 10,800 for 3 years at 12% per annum compounded annually
We are given principal = 10800 , Time = 3 years and Rate = 12 1/ 2 % means 12.5 %
Now , we will use this formula to find Amount
A= P ( 1 + r/100 ) ^ t
A= 10800 ( 1 + 12.5 /100 ) ^ 3
A = 10800 ( 1 + 0.125 ) ^ 3
A= 10800 ( 1 .125 ) ^ 3
A= 10800 ( 1.125 ) * ( 1.125) ( 1.125 )
A= 10800 ( 1.4238 )
A = 15377.34