quarterly?The simple interest on certain sum of money at 6% per annum – InterviewSolution

1.

quarterly?The simple interest on certain sum of money at 6% per annum for 3 years is? 432. What is the compoundinterest on the same sum for 2 years at 5% per annum, compounded annually?6.

Answer»

I=PRN/100so P=(100×432)/(6×4)=1800A=P(1+R/100)^2=1800(1+5/100)^2=1984.5so interest=184.5

wrong

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