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(b) 18,000 for 2 2 years at 10% per annum compounded annually
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Calculate the amount and compound interest on Rs 18,000 for 21/2 years at 10% per annum compounded annually. , R = 10% p.a. ∵ Interest is compounded annually. Kamala borrowed Rs 26,400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly
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Answered by
2
Step-by-step explanation:
Calculate the amount and compound interest on Rs 18,000 for 21/2 years at 10% per annum compounded annually. , R = 10% p.a. ∵ Interest is compounded annually. Kamala borrowed Rs 26,400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly.
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