Question

1. Calculate the amount and compound interest for the following if interest is compounded annually
(1) P=Rs.8,000, R = 10% pa; Time = 2 years
(2) P=Rs.10,000; R=7% pa; Time = 3 years
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Answer 1

Step-by-step explanation:

first calculate for 1 year which is 800 rs

then sum interest + principal

now calculate for 2nd year which is 880

now ad with principal

which 9680

Answer 2

Answer:

1) amount is 9580

compound interest is rs 1680

2)

Step-by-step explanation:

amount is RS 12250

compound interest is rs 2250

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