1.

5.compounded annually.6. If the simple interest on a sum of money for 3 years at 8% per annum is ? 7500, find thecompound interest on the same sum, for the same period at the same rate.Calculate the amount and the compound interest on * 16000 for 1 year at 15% per annum,​

Answer»

ANSWER is RS. 9,447.84

7500  \div (3 \times .08)  = rs. \: 31250

7500({1 + .08})^{3 }  = \: rs. \:  9447.84



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