plzz solve this in your copy and send me plzz guys it's very urgent ...
question no. 2 and 3 plzz do in your copy and send me ....
Answers
Q.(2)
Ans:- The amount of which he took loan
= 10,000 rupees
Rate of interest = 8 %
compound Interest
= 10,000 × (1 + 8/100)¹
= 10,000 × 108/100
= 10,0 × 108
= 10,800 rupees
Interest of 2 years
= 2 × 800
= 1600 rupees
Now ,
At the end of 2 years , Nitesh will have to
pay 11,600 rupees .
Means ,
He will have to pay 1600 rupees of interest.
Q.(3)
Ans:-
Amount deposited amount in the scheme
= 1,00,000 rupees
Rate of interest = 4 %
Compound interest
= 1,00,000 × (1 + 4/100)³
= 1,00,000 × (1 + 12/100)
= 1,00,000 × 112/100
= 1,000 × 112
= 1,12,000 rupees
At the end of 3 years , John will get total
amount of 1,12,000 rupees .
So ,
He will earn 12,000 rupees from interest .