Question

1. Calculate the amount and compound interest on
(a) * 10.800 for 3 years at 12-
1
2
%
per annum compounded annually.
s
1
pal
(b) 18,000 for 2
years at 10% per annum compounded annually.
2.
1
(c) 362,500 for 1
years at 8% per annum compounded half yearly.
2
(d) 78,000 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.​

Answer 1

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