Question

* 6000 for 2 years at 9% per annum compounded annually.
using the formula, find the amount and compound interest on

principal =6000;Time =2;Rate=9%

Amount = Principal (1+Rate /100)^Time

Amount =6000(1+9/100)^2 years
= 6000×109×109/10000
= 6×11881 /10
Amount =7128.60

Compound =Amount –Principal

=7128.60–6000
=1128.60​

Answer 1

Answer:

1080

Step-by-step explanation:

S. I. = principles X rate X time

100

S.I = 6000 X 9 X 2

1OO

S.I. = 1080

Amount = S. I. + principal

Amount = 1080+ 6000

Amount= 7080