Question

Find the amount and the compound interest on 5000 at 10% p.a. for 15 years,
compound interest reckoned semi-annually.
Find the amount and the compound interest on 100000 compounded quarterly for
9 months at the rate of 4% p.a.
Hint. = of 4% = 1% and n = = 3.
m of 4800 for 2 vears at 5% per annum​

Answer 1

Answer:

First of all apply intrest formula but as per question semi annually. Means divide the year into 2parts then add the intrest to principle then it is the principle for next 7.5 year then at last add the intrest to principle which is 15312.5 that is amount, and for compound interest subtract 5000 from this amount which is 10312.5