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Keep In Mind Find the compound interest on ? 8000 for 1 year at 6% p.a. (a) compounded annually (b) compounded semi-annually

Keep In Mind Find the compound interest on ? 8000 for 1 year at 6% p.a. (a) compounded annually (b) compounded semi-annually

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Кeep In Mind Find the compound interest on 7 8000 for 1 year at 6% p.a. (a) compounded annually (b) compounded semi-annually Exercises 10.2 1. Find the amount and compound interest on a sum of15..000 at 6% per annum for 3 years compounded annually. 2. Nisha takes a loàn of 345,000 at 6% per annum for 1- years. Assuming that the interest is compounded half-yearly, find the total interest paid by her. 3. Find the difference between CI and SI on 720,000 at 12% p.a. for 2 years compounded annually. 4. What will be the loan of 1,50,000 amount to in 2 years if compounded annually at the rate of 8% p.a.? 5. Find the difference between CI and SI on 92,000 at 20% p.a. compounded semi-annually for years. prmula for Compound Interest ralculate the compound interest and amount every year for a longer period of time, say 12 years or more- mes a tedious task. Let us try to find the formula for calculating the interest. s take an example. Took a loan of 1000 at the rate of 10% compounded annually. Calculate the amount he has to retu per OPPO A1k. Also, find the interest he will have to pay.
Transcribed Image Text:Кeep In Mind Find the compound interest on 7 8000 for 1 year at 6% p.a. (a) compounded annually (b) compounded semi-annually Exercises 10.2 1. Find the amount and compound interest on a sum of15..000 at 6% per annum for 3 years compounded annually. 2. Nisha takes a loàn of 345,000 at 6% per annum for 1- years. Assuming that the interest is compounded half-yearly, find the total interest paid by her. 3. Find the difference between CI and SI on 720,000 at 12% p.a. for 2 years compounded annually. 4. What will be the loan of 1,50,000 amount to in 2 years if compounded annually at the rate of 8% p.a.? 5. Find the difference between CI and SI on 92,000 at 20% p.a. compounded semi-annually for years. prmula for Compound Interest ralculate the compound interest and amount every year for a longer period of time, say 12 years or more- mes a tedious task. Let us try to find the formula for calculating the interest. s take an example. Took a loan of 1000 at the rate of 10% compounded annually. Calculate the amount he has to retu per OPPO A1k. Also, find the interest he will have to pay.
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