Question

EXERCISE 8.5
1. How much will 25000 amount to in 3 years compounded yearly if the rates for the successive years are 6%
8% and 10% respectively?
2. A man borrowed a sum of money and agrees to pay off by paying 16300 at the end of the first year and 8820
at the end of the second year. If the rate of compound interest is 5% perannum, find the sum borrowed.
3 Calculate the amount and compound interest on 10000 for 3 years at 2% perannum.
4 Find the amount on 212500 for 2 years compounded annually, the rate of interest being 15% for the first year
and 16% for the second year,
5 Find the compound interest on (14000 at 16% perannum for 2
years​

Answer 1

Answer:

A  = 31482

Step-by-step explanation:

A= P (1=R1/100)(1+R2/100)(1+R3/100)

  = 25000(1+6/100)(1+8/100)(1+10/100)

A  = 31482