Find the amount to be paid
1. At the end of 2 years on 2,400 at 5% per annum compounded annually.
2. At the end of 1 year on 1,800 at 8% per annum compounded quarterly.
Answers
Answered by
5
Answer:
1) 2640, 2) 1944
Step-by-step explanation:
= 2 × 2400 × 5/100 = 240, amount = 2400 + 240 = 2640
1 × 1800 × 8/100 = 144, Amount = 1800 + 144 = 1944
Similar questions