Question

Hy using the formule. find the amount and compound interest on
15000 for 2 years at 9% per annum compounded annually: 11256
10000 for 2 years at 11% per annum​

Answer 1

Step-by-step explanation:

(i)

A=P(1+

100

r

)

n

=15000(1+

100

10

)

2

=Rs18150

CI=A−P=Rs3150

(ii)

A=P(1+

100

r/m

)

n∗m

=156250(1+

100

8/2

)

1.5∗2

=Rs175760

CI=A−P=Rs19510

(iii)

A=P(1+

100

r/m

)

n∗m

=100000(1+

100

4/4

)

0.75∗4

=Rs103030.1≈Rs103030

CI=A−P=Rs3030