Question

Find amount payable and its compound interest on Rupees 1500 at the rate of 10% compounded annually at the end of 2 years.

Answer 1

A =15oo (I + lo/loo) 2 = 1500 x (110/100) 2= Rs1815. Ans

CI = 1815-1500 = Rs315. Ans

Answer 2

Answer:

p=1500rs,R=10%T(n)=2 years

p{1+r/100}n

1500(1/1+10/100)2

1500(10+1/10)2

1500(11/10)2

1500*11/10*11/10

121*15

amount=1815

CI= a_p.a

1815-1500

=315rs