1 Calculate the amount and compound interest on
(a) Rs 10,800 for 3 years at % per annum compounded annually.
Principal,P = Rs 10800
Compound Interese Rate,R = p.a.
Time period,n = 3 years.
Amount when interest is compounded annually, A =
Therefore, the required amount = = Rs. 15377.34
And Compound Interest, CI = Amount - Principal = Rs. (15377.34 - 10800) = Rs. 4577.34
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