Question

1. Calculate the amount and compund interest on
a.₹10,800 for 3 years at
$12 \times \frac{1}{2}\% \:$
per annum compounded annually.


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Answer 1

Step-by-step explanation:

P=10800

R=12*1/2=6%

T=3years

simple interest=10800×6×3/100=1944

Amount=S.I+P

=1944+10800

=12744

Compound interest= A-P

=12744-10800

=1944