calculate the amount and compound interest on a. RS.18000 for 5/2year
at 10% per annum compounded annually.
b.Rs.8000 for 1years at 9% per annum compounded half yearly
Answers
Answered by
1
Answer:
Answer:
A
=
P
(
1
+
R
100
)
t
P = 10800, R
=
12
1
2
%
and t = 3 years
So,
A
=
10800
(
1
+
25
200
)
3
=
10800
(
1
+
1
8
)
3
=
10800
(
9
8
)
3
=
10800
×
9
8
×
9
8
×
9
8
=
15377.34
So, Interest
=
A
–
P
=
15377.54
−
10800
=
4577.34
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