Question

7. What will amount to * 9000 at 12% compound interest reckoned yearly for 5 years?
What sum at 4% compound interest will amount to 10,000 in 18 yearsy?​

Answer 1

Answer:

⇒Principal=Rs.10000

⇒Rate=2% per half ⇒Time=2years=4half-years

⇒Amount=P(1+ 100R ) T

⇒10000(1+1002 ) 4

⇒10000× 100/102 × 100/102 × 100/102 × 100/102

⇒10000× 50/51 × 50/51 × 50/51 × 50/51

⇒Amount=10824.32

⇒C.I=Amount−Principal

⇒C.I=10824.32−10000

⇒C.I=Rs.824.32

Step-by-step explanation:

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