Question

By using the formula find the amount and compound interest of the follow
(a) P = 6000, T = 2 years and R = 19% per annum compounded and
(b)P = 2 62500 for 2 years 6 months at 12% per annum compounded and
con 7 . ner annem simple interese. the same​

Answer 1

Answer:

Rs 8496.6

Rs 2496.6

Step-by-step explanation:

By using the formula find the amount and compound interest

Amount = P (1  + R/100)ⁿ

P = 6000  R = 19 %  n = T = 2

Amount = 6000(1 + 19/100)² = 6000(1.19)²

= 8496.6

Compound interest = 8496.6 - 6000 = 2496.6 Rs

2 62500 for 2 years at 12 %

Amount = 262500 (1 + 12/100)² = 329280

Interest = 329280 - 262500  = 66780

Interest for 6 Months = 329280 * (1/2) * 12/100 =  19756.8

Amount after  2 years 6 months = 329280 + 19756.8 = 349036.8

Interest in 2 year 6 months = 66780 + 19756.8 = 86536.8