Question

7. Find the amount pakaof 8000 for 2 years compounded annually and the rates being 9% per
annum during the first year and 10% per annum during the second year.
8. Anand obtained a loan of 7 125000 from the Allahabad Bank for buying computers. The
bank charges compound interest at 8% per annum, compounded annually What​

Answer 1

Answer:

1.9504.8

Explanation:

1.

P = 8000

R = 9% Per Annum

T = 2 Years

A = P(1+R/100)^T

8000(1+9/100)^2

8000(100/100+9/100)^2

8000(109/100)^2

8000*109/100*109/100

8000*1.09*1.09

8000*1.1881

9504.8

2.

The Question Is Incomplete