1. Calculate the amount and compound interest on
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(a) 10,800 for 3 years at 12% per annum compounded annually.
(b) 18,000 for 2 years at 10% per annum compounded annually.
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(C) 262,500 for 12 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,
Kamola borrowed 26400 from a Bank to buy a scooter at a rate of 15
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Step-by-step explanation:
CI= A-P
= 15173.2224- 10800
= ₹4373.2224
I have done four sums and the rest one sum u can do as they are the same.
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