Question

1. Calculate amount and compound interest on
li) 12600 for 2 years at 10% p.a.
compounded annually.
(ii) 18000 for 2 years at 10% p.a.
compounded annually.
biii) 16000 for 3 years at 1242% p.a.
compounded annually.
(iv) ? 1500 for 2 years at 10% p.a.
compounded annually.
(v) ? 625 for 1 years at 4% p.a.
compounded annually.
(vi) 12800 for 3 years at 65 % p.a.
? 6
compounded annually.
(vii) 6400 for 3 years at 7 % p.a.
compounded annually.
7 1 2​

Answer 1

Answer:

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Step-by-step explanation:

Calculate the amount and compound interest on

(a) ₹ 10,800 for 3 years at 12(1/2)% per annum compounded annually

(b) ₹ 18,000 for 2(1/2) years at 10% per annum compounded annually

(c) ₹ 62,500 for 1(1/2)years at 8% per annum compounded half yearly

(d) ₹ 8,000 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