1. Find the amount and the compound interest on 7,500 for 2 years at 10% per annum,
compounded annually.
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Answer:
for 1st year CI is equal to 750(7500 Ka 10%=750)
For Next year is; 2nd year 750(7500 Kay 10%=750)
and next is that of 75(750ka 10%=75)
total CI is 750+750+75=1575
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