Question

calculate amount and compound interest on:

9600 for 3/2 years at 8% per annum compound half yearly.


fast it's urgent

Answer 1

Answer:

10798.6944

Step-by-step explanation:

A=P(1+R/200)

Answer 2

${\huge {\mathfrak {\orange {Answer :-}}}}$

Compounded amount will be

= 9600 ( 1 + 8/100)^3

= 9600 * ( 1 + 2/25)^3

= 9600 * (27/25)^3

= 9600 * 19683/15625

= 12,093 (approx)

And Compound Interest

= 12,093 - 9600

= 2,493

$<b>$ That's it..