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:

1) P= 1500 R=6% T= 2 YEARS

AMOUNT= P(1+R/100)^T

1500(1+6/100)^2

1500(106/100)^2

1500(53/50)^2

1500×53/50×53/50

= 1685.4

C.I = A - P

1685.4-1500= 185.4

Hence, COMPOUND INTEREST=185.4

Step-by-step explanation:

Answer 2

i) P => ₹1500
R => 6%
T => 2 years
SI => PxRxT
-———
100
= 1500 x 6 x 2
——————-
100
= 15 x 6 x 2
= 180