Question

Find CI paid when a sum of ` 20,000 is invested for 3

2

4

years at 8% per annum compounded annually.​

Answer 1

ϙᴜᴇsᴛɪᴏɴ:

ɪɴᴛᴇʀɴᴇᴛ ᴇxᴘʟᴏʀᴇʀ ɪs ᴜsᴇᴅ ғᴏʀ ᴍᴀɴᴀɢɪɴɢ ᴛʜᴇ ғɪʟᴇs ᴀɴᴅ ғᴏʟᴅᴇʀs ᴛʀᴜᴇ ᴏʀ ғᴀʟsᴇ ?

ᴀɴsᴡᴇʀ:

ғᴀʟsᴇ

1 ᴛʜᴀɴᴋ + ʙʀᴀɪɴʟɪᴇsᴛ = 10 ᴛʜᴀɴᴋs