1. Compute the compound interest on:
(i) 9,000 for 3 years at 10% per annum.
(ii) 5,000 for 2 years at 5% per annum.
(iii) 3,000 for 2 years at 15% per annum.
(iv) 15,000 for 3 years at 10% per annum.
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Answer:
i) Amount= 11979
C.I = 2979
ii)Amount = 5512.5
C.I = 512.5
iii) Amount = 3967.5
C.I = 967.5
iv) Amount= 19965
C.I = 4965
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