Question

Calculate the amount and compound
1
(a) 18000 for 2 half years at 10% per annum compounded annually ​

Answer 1

Amount = P(1+R/100)^n

P= 18000

R= 10%

n= 2 years

18000(1+10/100)^2

18×11× 110

21,780

Compound Interest = Amount-principle =21,780-18000

=3,780