Aryman invested 10000 in a company . He would be paid interst at 7% per anum compounded anually. Find
1. the amount received by him at the end of 2 years.
2. the interst for the third year.
Answers
Answered by
2
Compounded annually
R=7% per annum , p= 10,000 t= 2 yrs
A=p(1+R/100)n , 10000(1+7/100)2 ,
10000(107/100)2,10000*107/100*107/100,
1*107/1*107/1=11,449,A=rs11449 Answer for 1st question
SI=PRT/100,10000*7*2/100,100*7*2/1=1400
SI=rs1400
Answer for 2nd question
R=7% per annum , p= 10,000 t= 2 yrs
A=p(1+R/100)n , 10000(1+7/100)2 ,
10000(107/100)2,10000*107/100*107/100,
1*107/1*107/1=11,449,A=rs11449 Answer for 1st question
SI=PRT/100,10000*7*2/100,100*7*2/1=1400
SI=rs1400
Answer for 2nd question
Similar questions