Question

Exercise 10B
1. Calculate the amount and the compound interest using the formula:
(1) Principal = 3 2000, annual rate of interest = 5% and time = 2 years
2
(ii) Principal = 3600, annual rate of interest = 45% and time = 3 years
3​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

1,..

amount = p(1+r/100)ñ

32000(1+5/100)²

32000(1+1/20)²

32000(21/20)²

32000×21/20×21/20

= 3528

compound interest= amount - principal

32000-3528= 28472

2,.,.

amount = 3600(1+45/100)³

3600(1+9/20)³

3600× 29/20×29/20×29/20

10,975.05

CI =10,975.05--3600

7375.05

I hope it will help you

Step-by-step explanation:

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