Question

1. Find the compound interest on 34,000 at 10% p.a. for 3 years.
2 Calculate the amount and compound interest on 8000 at 8% p.a. for 2 years.​

Answer 1

Ans of questions one....

there are

P=34000

i=10/100=0.1

N=3

Formula of compound interest

=p [(1+i)ñ-1]

=34000 [ (1+0.1)³-1]

=34000[(1.1)³-1]

=34000(0.331)

=11254 rs

Ans pf questiona 2...

P=8000

i=8/100=0.08

N=2

now put of above formula...

=8000(1.08²-1)

=8000(0.1664)

=1331.2 rs

thanks for like...