Find the amount and compound interestcompounded annually on:(i) 320,00

1.	Find the amount and compound interestcompounded annually on:(i) 320,000 at 9% p.a. for 2 years(ii) 10,000 at 6.5% p.a. for 2 years(iii) 16,000 at 10% p.a. for 2 years2 35(iv) 330,000 at 20% p.a. for 2 – years
Answer» Answer: 1= p=320000 R=9% yrs=2 A=p(1+r/100)n A=320000(100+9/100)2 A=320000109/100109/100 A=32109*109= A=rs 380192 CI= A-p so 320000-380192=rs 60192

Find the amount and compound interestcompounded annually on:(i) 320,000 at 9% p.a. for 2 years(ii) 10,000 at 6.5% p.a. for 2 years(iii) 16,000 at 10% p.a. for 2 years2 35(iv) 330,000 at 20% p.a. for 2 – years

Answer»

Answer:

1= p=320000 R=9% yrs=2

A=p(1+r/100)n

A=320000*(100+9/100)2

A=320000*109/100*109/100

A=32*109*109=

A=rs 380192

CI= A-p so

320000-380192=rs 60192