By using the formula, find the amount and compound Interest on:
1. ? 6000 for 2 years at 9% per annum compounded annually.
2. * 10000 for 2years at 11% per annumcompoundedannually
3. 31250 for 3 years at 8% per annum compounded annually
5. 62500 for 2 years 6 months at 12% per annum compounded annually
6. 9000 for 2 years 4 months at 10% per annum compounded annually
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Answer:
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Step-by-step explanation:
1. A= P(1+R/100)n
= 6000(1+9/100)²
= 6000(109/100)²
= 6000(109)²/100
=60(109)²
= 60× 11881
= 712,860
Compound Interest =A-P
= 712,860- 6000
=706,860
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