EXERCISE 11B
1
By using the formula, find the amount and compound interest o
1, * 6000 for 2 years at 9% per annum compounded annually.
2. * 10000 for 2 years at 11% per annum compounded annually
3. * 31250 for 3 years at 8% per annum compounded annually.
4. 10240 for 3 years at 12% per annum compounded annua
2
5. 62500 for 2 years 6 months at 12% per annum compound
6. 9000 for 2 years 4 months at 10% per annum compounde
7. Find the amount of 8000 for 2 years compounded annual
annum during the first year and 10% per annum during the
8. Anand obtained a loan of 125000 from the Allahabad Bay
bank charges compound interest at 8% per annum, compo
will he have to pay after 3 years to clear the debt?
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