Question

1. Find the amount and the compound interest
on 24,000 for 2 years at 10% per annum
compounded yearly.​

Answer 1

Answer:

7500 at 4% per annum for 2 years, compounded annually. Explanation: Amount = Rs [7500*(1+(4/100)2] = Rs (7500 * (26/25) * (26/25) ) = Rs.