Question

(i) 12 000 in 4 years at the interest rate of 5% per annum.​

Answer 1

Answer:

Given, P=12000,r=5%,n=4 years

We need to find compound interest.

We know, A=P[(1+

100

r

)

n

]

⇒A=12000[(1+

100

5

)

4

]

⇒A= Rs. 14586

Thus, compund interest = 14586−12000=Rs2586

Answer 2

Answer:

Given, P=12000,r=5%,n=4 years

We need to find compound interest.

We know, A=P[(1+

100

r

)

n

]

⇒A=12000[(1+

100

5

)

4

]

⇒A= Rs. 14586

Thus, compund interest = 14586−12000=Rs2586

Step-by-step explanation:

hope it helps you