Question

Calucate the amount and compound interest on:- 1) Rs. 10800 for 3 years at 12½% per annum compounded annually. 2) Rupees 18,000 for 2½ years at 10% per annum compounded annually. 3) Rupees 62500 for 1½ years at 8% per annum compounded half yearly. 4) Rupees 8000 for 1 year at 9% per annum compounded half yearly. 5) Rupees 10000 for 1 year at 8% per annum compounded half yearly.

Answer 1