Question

1      Calculate the amount and compound interest on


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

Answer 1

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

=10,800(1+

100

25

)

3

=10,800(

200

225

)

3

=10,800×

200

225

×

200

225

×

200

225

A=15377.34Rs

Compound Interest=Amount-P

=15377.34−10,800

=4577.34Rs

Step-by-step explanation:

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