Question

1. Calculate the amount and compound interest on 1 (a) 310,800 for 3 years at 127 % per annum compounded annually.​

Answer 1

Answer:

1 =310800

3=127%so 310800 127% greater is 39471600

Answer 2

Answer :

Principal = 310800

Time = 3 years

Rate = 127 %

C.I. = Amount - Principal

Amount = Principal [ 1 + Rate ÷ 100 ] ^3

A = 310800 [ 1 + 127 ÷ 100 ] ^3

= 310800 [ 227 ÷ 100 ] ^3

= 3635453.4