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
Answers
Answered by
10
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
Answered by
8
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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