Guys please help me answer my question
please help
Answers
Answer:
a. ₹3630
b. ₹7191.04
c. ₹8748
d. ₹10407.07
Step-by-step explanation:
- A)A= P(1+r/n)^n
A=3000×(1+10/100)^2
A=3630
- B) A=P(1+r/n)^n
A=6400×(1+6/100)^2
A=7191.04
- C)A=P(1+r/2÷100)^2n
A=7500×(1+16/2/100)^2×1
A=8748
- D)A=P(1+R\R/4÷100)^4n
A=10,000×(1+2/4/100)^4×2
A=10407.07
Compounded Half yearly interest formula: A=P(1+r/2÷100)^2n
Compounded Quarterly interest formula: A=P(1+R\R/4÷100)^4n
Compounded Monthly interest formula: A=P(1+R\R/12÷100)^12n
Compounded Annual interest formula:
A=P(1+r/n)^nt
A = the future value of the investment/loan, including interest
P = the principal investment amount (the initial deposit or loan amount)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per unit t
t = the time the money is invested or borrowed for
Same thing for the A, P, r, n, t in the other formulas.
Hope that helps :)
Given : P = 3000 , R = 10 % Time = 2 Years Compounded annually
P = 6400 , R = 6 % Time = 2 Years Compounded annually
P = 7500 , R = 16% Time = 1 Years Compounded half yearly
P =10000 , R = 2% Time = 6 month Compounded Quarterly
To Find : Amount and compound interest
Solution:
P = 3000 , R = 10 % n = 2
A = P(1 + R/100)ⁿ
=> A = 3,630
CI = A - P = 3630 - 3000 = 630 Rs
P = 6400 , R = 6 % Time = 2 Years Compounded annually
A = 6400 ( 1 + 6/100)²
=> A = 7,191.04
CI = 791.04
P = 7500 , R = 16% Time = 1 Years Compounded half yearly
n = 12 half year R = 8 % for half year
A = 7500 ( 1 + 8/100)²
=> A = 8,748
CI = 1248
P =10000 , R = 2% Time = 6 month Compounded Quarterly
n = 2 Quarter , R = 0.5% Quarterly
A = 10000 ( 1 + 0.5/100)²
=> A = 10,100.25
CI = 100.25
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