Question

13. Find the sum of money that amounts to
(i) 12 000 in 4 years at the interest rate of 5% per annum.
(ii) 8250 in 5 years at the interest rate of 7.5% per annum.​

Answer 1

Step-by-step explanation:

i- 12000×4×5/100=2400

=12000+2400=14400

ii- 8250×5×7.5/100=825×7.5|/2

=answer+8250=amount