Question 27
Amount when interest is compounded annually, is given by the formula ___
Amount when interest is compounded annually, is given by the formula A=P(1+R100)T where, P = principal, R = rate per annum and T = time
Question 58
The compound interest on a sum of Rs P for T years at R% per annum compounded annually is given by the formula P (1+R100)
By using the formula, find the amount and compound interest on:
In how many years will Rs 1800 amount to Rs 2178 at 10% per annum when compounded annually ?
At what rate per cent per annum will Rs 640 amount to Rs 774.40 in 2 years when compounded annually ?