Question

find the amount and the compound interest if the interest is compounded yearly rupees 8000 for 3 years at 15% per annum.​

Answer 1

229Q:

Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually

A) 2109

B) 3109

C) 4109

D) 6109

Answer: B) 3109

Explanation:

Time = 2 years 4 months = 2(4/12) years = 2(1/3) years.

Amount = Rs'. [8000 X (1+(15/100))^2 X (1+((1/3)*15)/100)]

=Rs. [8000 * (23/20) * (23/20) * (21/20)]

= Rs. 11109. .

:. C.I. = Rs. (11109 - 8000) = Rs. 3109.

Answer 2

Answer:

Amount=12167₹, Compound Interest=4167₹

Step-by-step explanation:

See the Attachment