Question

Find Amount of Annuity (A=?)
when
P=1200
n(time)= 12 years
r(rate)= 6%
i= r/100 =0.06​

Answer 1

Answer:

$principle \: ( \: p \: ) \: = 1200 \\ time \: (\: t \: ) \: = 12 \: years \\ rate \: of \: interest \: = 6\% \\ \therefore \: intrest \: ( \: i \: ) = \: ?$

$\therefore \: i \: = \frac{p \: \times \: t \: \times \: r}{100} \\ \: = \frac{1200 \times 12 \times6 }{100} \\ \: = \frac{144 \times 6}{100} \\ \: = \frac{864}{100} \\ \: = 8.64 \\ \therefore \: i \: = \: 8.64$

$amount \: ( \: a \: ) \: =s. i \: + \: p \\ \therefore \: a \: = \: 8.64 \: + 1200 \\ \: = 1208.64 \\ \therefore \: amount \: = rs \: 1208.64$

hope it helps uh!!

Answer 2

Answer:

Find Amount of Annuity ( A=? )

When

P = 1200

n( time ) = 12 years

r ( rate ) = 6 percent

i = r/100 = 0.06