Question

1. Calculate the amount and the compound interest on : 12,000 for 2 years at 5% per annum
compounded annually
2. Calculate the amount and the compound interest on : 8,000 for 1 1
2 years at 10% per
annum compounded yearly.
3. Mohit borrowed ` 7,500 from Soham at 8% per annum compound interest. After 2
years, Mohit gave ` 6,248 and an old T.V. set to clear his account. Find the cost of the T.V. set.
.
NEED HELP

Answer 1

Answer:

1. amount = 13230

Compound interest = 1230

Answer 2

Answer:

1) Amount-13230

Compound Interest-1230