Question

1.What are the amount of interests and maturity value of Php20,000 at 6% compound interests for 3 years?

2.Lois deposited Php5,000 in a bank that pays 2% compounded annually.She made a withdrawal of Php2,000 after two years.If no further withdrawal is made,how much will be in her account after another 3 years?​

Answer 1

Answer:

Only 1 number.

1. Given :- Principal = Rs.20000,Rate= 6%, Time= 3 years

SI = PRT/100

SI = Rs.20000 ×6×3/100

SI = 200×6×3 ( Here results as the 200 because 20000 is divided by 100) = Rs.3600 Ans. Amount = Principal + SI = 20000+3600 = 23600 Ans

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