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ICSE Class 8 Answered

Find the amount and the compound interest on: a) ₹300 at 3% per annum for 2 years  b) ₹4000 at 2% per annum for 3 years c) ₹5000 at 5% per annum for 3 years d) ₹10000 at 4% per annum for 2 years  
Asked by jrohinig | 30 Dec, 2021, 11:29: AM
answered-by-expert Expert Answer
(a)
straight A equals straight P open parentheses 1 plus straight r over 100 close parentheses to the power of straight n equals 300 open parentheses 1 plus 3 over 100 close parentheses squared equals 300 cross times 103 over 100 cross times 103 over 100 equals 318.27
rightwards double arrow straight C. straight I. equals straight A minus straight P equals 18.27
Answered by Renu Varma | 31 Dec, 2021, 08:35: PM
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