Question

plz ans with full explanation​

Answer 1

• 1) p = 2400 , t = 2 yrs , r = 5%
• a = p(1+ r/100)^× ( x stood for time )
• a = 2400(1+5/100)^2
• a = 2400(1+1/20)^2
• a =2400(21/20)^2
• a = 2400*441/400
• a = 2646
• ci = a-p
• ci = 2646 - 2400
• ci = 246
• 2) p =1800 , t =1 yrs , r=8%
• a = p(1+r/100)^×
• a = 1800(1+8/100)^1
• a = 1800(1+1/25)^1
• a =1800(26/25)^1
• a = 1800*26/25
• a = 1872
• ci = a-p
• ci = 1872-1800
• ci = 72
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