Question

Calculate the amount and compound interest on :- a) rupees 10,800 for 3 years at 12*1/2% per annum compounded annually.​

Answer 1

Answer:

,

Step-by-step explanation:

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Answer 2

( Rate ) T here isPower

Amount= Principal X ( 1 + ------- )

( 100 )

=> 10,800 ( 12 X1 ) 3

X ( 1 + ------- )

( 2 )

( ------ )

( 100 )

=> 10,800 ( 6 ) 3

X ( 1 + ------- )

( 100 )

=> 10,800 ( 3 ) 3

X ( 1 + ------ )

( 25 )

=>10,800 ( 1 X 25 3 ) 3

X ( --------- + ----- )

( 1 X 25 25 )

=> 10,800 ( 25 3 ) 3

X ( ----- + ------ )

( 25 25 )

=> 10,800 ( 25 + 3 ) 3

X ( --------- )

( 25 )

=> 10,800 ( 28 ) 3

X ( -----)

( 25 )

=> 10,800 28 28 28

X ------ X ----- X ----

25 25 25

=> 15,115.1801

Compound Interest

=> Amount - Principal

=> 15,115.1801 - 10,800

=> 4,315.1801

Ans- 4,315.1801