Question

find the amount that Madhuri food receive if we invest Rs 15,000 for 18 month at 8% per annum compounded annually? Solution

Answer 1

STEP BY STEP EXPLANATION:
hope it may help you

Answer 2

Interest of 1st years

15000 ×1 ×8)/100
=1200

interest of half year

Now Principal = 15000+1200= 16200


interest = 16200 ×8 ×1/2 )/100

= 648


Amount = 16200 +648

= 16848 rupees