Question

Find the amount and the compound interest on 2000 at 10% p.a. for 2 1/2years,
compounded annually.
10 Find the amount and the compound interest on 350000 for 12 years at 8% per annum,
the interest being compounded semi-annually.
11 Calculate the amount and the compound interest on 5000 in 2 years when the rate of
interest for successive years is 6% and 8% respectively.
12 Calculate the amount and the compound interest on 17000 in 3 years when the rate
of interest for successive years is 10%, 10% and 14% respectively.
13 A sum of 59600 is invested for 3 years at 10% per annum at compound interest.
(i) What is the sum due at the end of the first year?
(ii) What is the sum due at the end of the second year?
(iii) Find the compound interest earned in 2 years.
(iv) Find the difference between the answers in (ii) and (i) and find the interest on this
sum for one year.
(v) Hence, write down the compound interest for the third year.

Answer 1

Answer:

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