Question

1 . Calculate the amount qnd compound interest on :
a) ₹ 3,000 for 2 years at 10% per annum compounded annually.
b) ₹6,400 for 2 years at 6% per annum compounded annually.
​

Answer 1

-- (( a )) --

➟ Amount == Rs 3630

➟ Compound Interest == Rs 630

—————————————————————

-- (( b )) --

➟ Amount == Rs 7191.04

➟ Compound Interest == Rs 791.04

—————————————————————

SOLUTION -- Kindly Refer Attachment