only last two question
Answers
Answer:
( i ) Amount = Rs. 11, 241. 25
Interest = Rs. 2, 741. 25
( ii ) Amount = Rs. 23, 152. 50
Interest = Rs. 3, 152. 50
Step-by-step explanation:
When a sum is borrowed at compound interest,
A = P [ 1 + ( R / 100 ) ] ^n
A = amount
P = principal
R = rate
n = Time
As per the given information,
( i ) A = 8500 [ 1 + ( 15 / 100 ) ] ^2
A = 8500 [ 1 + ( 3 / 20 ] ^2
A = 8500 [ 23 / 20 ] ^2
A = 8500 [ 529 / 400]
A = Rs. 11, 241. 25
C. I. = A - P
C. I. = 11, 241. 25 - 8500
C. I. = Rs. 2, 741. 25
( ii ) A = 20000 [ 1 + ( 5 / 100 ) ] ^3
A = 20000 [ 1 + ( 1 / 20 ) ] ^3
A = 20000 [ 21 / 20 ] ^3
A = 20000 [ 9261 / 8000 ]
A = Rs. 23, 152. 50
C. I. = A - P
C. I. = 23, 152. 50 - 20, 000
C. I. = Rs, 3, 152. 50