Question

3. Find the amount and compound interest on a sum of * 15625 at 4% per annum for 3 years compounded
annually.
4. Shankar takes a loan of 10,000 at a compound interest rate of 10% per annum (p.a.)​

Answer 1

Answer:

The answer of the 3 one is

Amount = 17069

Compound Interest = 1444

Step by step explanation :

P = Rs.15625

R = 4%

T = 3 years

(1) st year

I = P × R × T

100

=

$15625 \times 4 \times 1 \div 100$

=

$625$

A = P + I

=

$15625 + 625$

=

$16250$

(2)nd year

I = P × R × T

100

=

$16250 \times 4 \times 1 \div 100$

=

$650$

A = P + I

=

$16250 + 650$

=

$16900$

(3) rd year

I = P × R × T

100

=

$16900 \times 4 \times 1 \div 100$

=

$169$

A = P + I

=

$16900 + 169$

=

$17069$

C.I = A - P

=

$17069 - 15625$

=

$1444$

So, the is amount = 17069 and the compound Interest = 1444

Answer 2

Answer:

Rupees 17576; rupees 1951