4. Find compound interest on Rs.8000 at
15% per annum for 2 years 4 months,
compounded annually.
Answers
Answered by
1
Answer:
1st year= interest =1200
2nd yr=int=1200+180(interest on 1200 @15%)=1380
since 4months is calculated as 4/12
3rd year=int=(1380+207)(4/12)=529
1200+1380+529=3109
Step-by-step explanation:
Answered by
0
Step-by-step explanation:
P=8000,R=15%,T=2yrs 4 month
=7/3yrs=2*1/3yrs
A=P(1+R/100)^n
A=8000(1+15/100)^2*1/3
=8000(1+3/20)^2*(1+3/20*3)
=8000(23/20)^2*(21/20)
=8000*23/20*23/20*21/20
By solving this we get, A=Rs.11109
C.I.=11109-8000=3109 Ans.
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