18000 for 2 1/2 years at 10% per annum compounded annually
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P=18000
R=10%p.a.
T=2 1/2
For 2 years
A=P(1+R/100)^n
=18000(1+10/100)^2
=18000(11/10)(11/10)
=180×121
=21780
For 1/2 years
SI=P×R×T/100
=21780×10×1/100×2
=1089
Total amount
=21780+1089
=22869
Compound interest
CI=A-P
=22869-18000
=4869
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It is essential to have resource planning because of the following reasons: It helps to identify the various resources present in different regions of the country. It helps in the conservation of various non-renewable/extinguishable resources. It helps in reducing wastage of resources.
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