plz ans fast I am waiting
Attachments:
Answers
Answered by
1
For year1:
Amount = Principle[1 + R/100]^n = 6500[1 + 5/100] = 6825
Amount = 6825, Compound Interest = 6500 - 6825 = 325
For Year 2:
Amount = 6825[1 + 6/100]^1 = 7234.50
Amount = 7234.5 Compound Interest = 409.5
Amount = Principle[1 + R/100]^n = 6500[1 + 5/100] = 6825
Amount = 6825, Compound Interest = 6500 - 6825 = 325
For Year 2:
Amount = 6825[1 + 6/100]^1 = 7234.50
Amount = 7234.5 Compound Interest = 409.5
Similar questions