Question

2. Archana invests 5,600 at 14% p.a. compound interest for 2 years. Calculate:
(1) The interest for the 1st year;
(ii) The amount at the end of the 1st year;
(iii) The interest for the 2nd year, correct to the nearest *.

3. Aparna borrows a sum of 2500 for 2 years 3 months at 8% p.a. compounded annually. Find
(i) the CI for 2 years
(ii) the amount at the end of 2 years 3 months.​

Answer 1

Step-by-step explanation:

P=Rs5,600

N=1year

R=14 %

We have S.I.=

100

PNR

=

100

5,600×1×14

=Rs784