calculate the amount and compound interest on:
1) Rs 15000 for 2 yrs at 10% per annum compounded annually
2) Rs 100000 for 9 months at 4% per annum compounded quarterly
plz explain everything
Answers
Answered by
1
Step-by-step explanation:
ANSWER
(i)
A=P(1+
100
r
)
n
=15000(1+
100
10
)
2
=Rs18150
CI=A−P=Rs3150
(ii)
A=P(1+
100
r/m
)
n∗m
=156250(1+
100
8/2
)
1.5∗2
=Rs175760
CI=A−P=Rs19510
(iii)
A=P(1+
100
r/m
)
n∗m
=100000(1+
100
4/4
)
0.75∗4
=Rs103030.1≈Rs103030
CI=A−P=Rs3030
Answered By
toppr
92 Views
How satisfied are you with the answer?
This will help us to improve better
answr
Get Instant Solutions, 24x7
No Signup required
girl
More Questions by difficulty
EASY
MEDIUM
HARD
Answered by
1
Answer:
1= p 15000 ,R 10% t 2 yrs
si 15000×,10×1/100
1500
Amount- 15000+1500 16500
for second yr
16500×10×1/100
1650
amount 16500+1650 18150
Compound interest 18150-15000 3150
Similar questions
Computer Science,
3 months ago
Computer Science,
8 months ago
Science,
8 months ago
Sociology,
1 year ago