Question

CALCULATE THE AMOUNT AND COMPOUND INTREST IN EACH OF THE FOLLOWING:
p = 10000 , R = 5% p.a , T = 4 years.

Answer 1

Answer:

Amount=p(1+r/100) raise to power t

a=10000(1+5/100)4

a=10000(1+1/20)4

a=10000*21/20*21/20*21/20*21/20

a=12155.06

ci= 2155.96(amount-principal)

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