Question

Help me please with this question.

the question from chapter Time value and money.​

Answer 1

Answer:

$a = p(1+ \frac{r}{100})^{t}$

$⇒A=6000(1+ \frac{9}{100}) ^{2}$

$=6000× (\frac{109} {100})^{2}$

$= 7128.6 /-$

$⇒ Compound \: interest = \\ A-P$

$= 7128.6 - 6000$

$= 1128.6/-$