in a year each after 6 months. Also, the half yearly rate will be half
EXERCISE 3.1
Calculate the amount and compound interest on the following (Qs 1-7):
1. 5000 for 2 years at 8% per annum compounded annually.
2. 310,000 for 3 years at 10% per annum compounded annually.
3. 78000 for 2 years at 12% per annum compounded annually.
4. *3200 for 2 years at 5% per annum compounded annually.
5. 3100 for 1 year at 10% per annum compounded half-yearly.
6 21,25,000 for 1 years at 8% per annum compounded half-yearly.
7. 6250 for 1 year at 16% per annum compounded half-yearly.
Gmurth and Denisiati
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the hruheud are you telling
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