Question

1. Calculate the amount and the compound interest on 28,000 for 3 years at 5% per аnnum​

Answer 1

Answer:

Amount = 32413.5 , C.i = 4413.50

Step-by-step explanation:

A= 28000+ ( here R = 10% = 2800,R/2=5% = 1400)

1400 ( c.i for 1styear R= 5% on 28000)

=29400+

1470 ( c.i for 2nd year R= 5% on 29400)

=30870 +

1543.50 ( c.i for 3rd year R= 5% on 30870 )

A=32413.50 total amount for 3yrs

C.I amount = 1400+1470+1543.50

= 4413.50 ( 32413.50 - 28000 )