Question

1. Find the amount and the compound interest on
() 34,000 for 1 year at 12% per annum, interest being compounded half-yearly;
1
(ii) 8,500 for 1 years at 10% per annum, interest being compounded half-yearly; and
2
(ii) 2,000 for 2 years at 16% per annum, interest being compounded half-yearly.​

Answer 1

Answer:

1.  Amount - 38,202.40

C.I - 4202.40

2. Amount - 9371.25

C.I - 871.25

3.  Amount - 2720.97792

C.I - 720.97792

Step-by-step explanation:

The explanation is given in the pictures

Hope this helps..