Question

Amount at the end of 1st year = {(8000 + 400) = 2040
8400*5*1 )
= 3420
Interest for 2nd year = 100
Amount at the end of 2nd year = *(8400 + 420) = 38820
Compound interest = Amount - Principal = *(8820 - 8000) = 820
EXERCISE 10.1
Use Cordova Smart Class Software on the smart board in class to do Exercise
1. What will be the compound interest on 7600 at the rate of 5% per annum for 2 years?
Jayanti borrowed a sum of 16000 to purchase a washing machine at the rate of 5%​

Answer 1

Answer:

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