Question

18,000 for 2hole 1/2 year at 10% per Annum compounded annually

Answer 1

P=18000

N=2,1/2 years

R=10%

A=p (1+10/100)×3 times

18000 (1+2/100)3

10800 (225/200)3

10800 (9/8)3

10800×9/8×9/8×9/8

15377.34 CI=15377.34-10800

=4577.34 Thanks