Question

10,000 is invested at 2% compounded annually. Give an exponential model for the
situation, what is the amount after 12 years plssssssssssssss answer properly Owo

Answer 1

Answer:

principal amount given is Rs. 10, 000

Interest rate is 8% per year for 12 months.

It is compounded half yearly.

So,After 6 months, interest added =

100

8

×10,000

=Rs.800.

Sum = 10000+800

=Rs. 10,800.

After 12 months, It is compounded with interest

=10,800×

100

8

=Rs.8.64

∴ Compound interest =800+864

=Rs.1664