CO
Find the amount and compound interest
compounded annually on:
(i) 20,000 at 9% p.a. for 2 years
(ii) 10,000 at 6.5% p.a. for 2 years
1
(iii) 16,000 at 10% p.a. for 2 - years
2
3
(iv) 730,000 at 20% p.a. for 2-years
5
con
inte
Rount and
mnd interest
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Answer:
Correct option is
A
4200
⇒ A=P(1+
100
R
)
T
⇒ A=20000×(1+
100
10
)
2
⇒ A=20000×
100
121
⇒ A=Rs.24,200.
∴ C.I.=A−P=Rs.24,200−Rs.20,000=Rs.4200.
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