5. Calculate the amount and compound
hinterest if a sum of I 15000 is invested
for 1² years at 8% p.a. compound
interest interest re being compounded
seeni - annually. (with formula)
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Step-by-step explanation:
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P=₹15000
T=1 year
R=8%
Therefore,
A=P(1+r/100)^n
=15000(1+4/100)^2 [semi annually]
=15000*104*104/100*100
=156*104
=>16624=A
Therefore,
Ci=A-P
=16624-15000
=₹1624
Hope this helps you …
T=1 year
R=8%
Therefore,
A=P(1+r/100)^n
=15000(1+4/100)^2 [semi annually]
=15000*104*104/100*100
=156*104
=>16624=A
Therefore,
Ci=A-P
=16624-15000
=₹1624
Hope this helps you …
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