Question

Compute the compound interest on:
(i) 1500 for 2 years at 6% per annum.
(ii) 2860 for 2 years at 5% per annum.
(iii) *3000 for 2 years at 5% per annum.
(iv) *8500 for 2 years at 8% per annum.​

Answer 1

Answer:

Principal = 1500

Time =2 years

Rate = 6 %

P × R × T

100

1500 × 6 ×2 =. 15 ×6 ×2 = 180.

100

So intrest 180

__________-____________

Principal = 2860

Time = 2 years

Rate = 5%

P × R ×T

100

2860 × 5 × 2. = 286

100

So intrest = 286