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 | 30th Dec, 2021, 11:29: AM

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 | 31st Dec, 2021, 08:35: PM