Question

Exercise 8.2
1. Calculate the compound interest on 6000 at 10% per annum for two years.
2. Salma borrowed from Mahila Samiti a sum of 1875 to purchase a sewing machine.
If the rate of interest is 4% per annum, what is the compound interest that she has to
pay after 2 years?
vests 13​

Answer 1

Answer:

question 1 :- ci = (10%of 6000)X2 + 10% of 600 = 1200+540 = 1740/-