Question

3. Find the sum of money that amounts to
(1) 12 000 in 4 years at the interest rate of 5% per annum.
(11) 18250 in 5 years at the interest rate of 7.5% per annum
the intere​

Answer 1

Answers:

1. 12000(1+5/100)

12000×105/100

120×105

12060

2.18250(1+7.5/100)

18250(1+75/1000)

12850×1075/1000

1285×1075/100

1381375