Question

1. Calculate the amount and compound interest on

(a) 10,800 for 3 years at 12 % per annum compounded annually.
​

Answer 1

Step-by-step explanation:

Rs 10,800 for 3 years at 12

2

1

% per annum compounded annually.

Answer

Calculate Amount and Compound Interest

Here, P=10,800

n=3 years

12=12

2

1

%=

2

25

%

A=P(1+

100

R

)

n