Question

5. Find the amount and the compound interest on 24.
annually, the rate of interest being 7% p.a. during the first year and 7% p.a. during the
2.
second year
nound Interest on 18.750 after 3 years. compounded
during the first year​

Answer 1

Answer:

p=24000RS

n=3because due to semi annually 3×1/2months

are therer =10%but for 1/2years r=10/2=5%

amount = p(1+r/100)^

24000(1+0.05)³

24000×0.05×0.05×0.05=27783

Cl=27783-24000=

3783

ok na bro