Question

5.
compounded annually.
6. If the simple interest on a sum of money for 3 years at 8% per annum is ? 7500, find the
compound interest on the same sum, for the same period at the same rate.
Calculate the amount and the compound interest on * 16000 for 1 year at 15% per annum,​

Answer 1

Answer is Rs. 9,447.84

$7500 \div (3 \times .08) = rs. \: 31250$

$7500({1 + .08})^{3 } = \: rs. \: 9447.84$