Find Compound Interest On Rs. 8000 At 15% Per Annum For 2 Years 4 Mon

1.	Find Compound Interest On Rs. 8000 At 15% Per Annum For 2 Years 4 Months, Compounded Annually?
Answer» Time = 2 years 4 months = 2(4/12) years = 2(1/3) years. AMOUNT = Rs'. [8000 X (1+(15/100))^2 X (1+((1/3)15)/100)] =Rs. [8000 (23/20) * (23/20) * (21/20)] = Rs. 11109. . :. C.I. = Rs. (11109 - 8000) = Rs. 3109. Time = 2 years 4 months = 2(4/12) years = 2(1/3) years. Amount = Rs'. [8000 X (1+(15/100))^2 X (1+((1/3)15)/100)] =Rs. [8000 (23/20) * (23/20) * (21/20)] = Rs. 11109. . :. C.I. = Rs. (11109 - 8000) = Rs. 3109.

Find Compound Interest On Rs. 8000 At 15% Per Annum For 2 Years 4 Months, Compounded Annually?

Answer»

Time = 2 years 4 months = 2(4/12) years = 2(1/3) years.

AMOUNT = Rs'. [8000 X (1+(15/100))^2 X (1+((1/3)*15)/100)]

=Rs. [8000 * (23/20) * (23/20) * (21/20)]

= Rs. 11109. .

:. C.I. = Rs. (11109 - 8000) = Rs. 3109.

Time = 2 years 4 months = 2(4/12) years = 2(1/3) years.

Amount = Rs'. [8000 X (1+(15/100))^2 X (1+((1/3)*15)/100)]

=Rs. [8000 * (23/20) * (23/20) * (21/20)]

= Rs. 11109. .

:. C.I. = Rs. (11109 - 8000) = Rs. 3109.