Question

2. Find the compound interest on 20,000 for 3 years at 10% per annum.
3. Find the compound interest on 28,000 for 3 years at 5% per annum compounded annually.
5. Find the compound interest on 10,000 for 1-
1
2 years at 8% per annum, when the interest is payable half-yearly.
mpound interest on 40
1
8,​

Answer 1

Answer:

2) Compound Interest = 6620

3) Compound Interest = 4413.5