Question

1.
Find the amount for 15,000 at 8% per annum compounded annually for two
years.​

Answer 1

Answer:

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Answer 2

Answer:

The amount is Rs. 17496.

Step-by-step explanation:

Given :

Principal = Rs. 15,000

Rate = 8%

Time = 2 years

To find :

Amount

Solution :

$\bigstar \: {\boxed{\sf{A= P\left( 1 + \frac{R}{100}\right)^{N}}}}$

⇒ A = 15000(1 + 8/100)²

⇒ A = 15000(108/100)²

⇒ A = 15000 × 108/100 × 108/100

⇒ A = 15 × 108 × 108/10

⇒ A = 15 × 11664/10

⇒ A = 174960/10

⇒ A = 17496

Amount = Rs. 17496

Therefore, the amount is Rs. 17496.