Compound Interest
EXERCISE 3.1
Crea
General section
4.
1.
a)
The compound interest and the compound amount on a sum P in T years at
R % per annum are CI and CA respectively. Write down the relation among the
following variables.
(1) P, T, R, and CA (Compounding annually)
(ii) P, T, R and CI (Compounding annually)
(iii) P, T, R and CA (Compounding semi-annually)
(iv) P, T, R and CI (Compounding semi-annually)
Answers
Answered by
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Answer: CA= P[(1+R/100)-1]
CI=P(1+R/100)
Step-by-step explanation:
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