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
(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](https://images.topperlearning.com/topper/tinymce/cache/70f35153bbf2479d4a31542fe61214f8.png)
Answered by Renu Varma | 31 Dec, 2021, 20:35: PM
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