Find the amount and the compound interest.No. Principal (₹) Rate (p.c.p.a.) Duration (years)1 2000 5 22 5000 8 33 4000 7.5 2
Answers
Answer:
S. No. Principle Rate Duration Amount Compound interest
1 2000 5 2 2205 205
2 5000 8 3 6298.56 1298.56
3 4000 7.5 2 4622.5 622.5
Step-by-step explanation:
Amount = P (1 + R/100)ⁿ
Interest = Amount - P
A = 2000(1 + 5/100)² = 2205
CI = 2205 - 2000 = 205
A = 5000(1 + 8/100)³ = 6298.56
CI = 6298.56 - 5000 = 1298.56
A = 4000(1 + 7.5/100)³ = 4622.5
CI = 4622.5 - 4000 = 622.5
S. No. Principle Rate Duration Amount Compound interest
1 2000 5 2 2205 205
2 5000 8 3 6298.56 1298.56
3 4000 7.5 2 4622.5 622.5