Question

EXERCISE 8.3
Calculate the amount and compound interest on
(a) 10,800 for 3 years at 12 % per annum compounded annually.​

Answer 1

Answer:

A) A=P+I

I =PTR/100

I= 10800×3×12/100

I=3888

A=10800+3888

B)CI= 10800+12%+12%12%

CI=15173.2224