Saved Bookmarks
| 1. |
28. Calculate the amount for Rs 10.000 for 2year at 10% per annum compounded annually. |
|
Answer» Answer: Calculate: TOTAL P+I (A) Principal (P): $ 10,000.00 Rate (R): % annual 10 Compound (n): Compounding ANNUALLY (1/Yr) Time (t in years): 2 Answer: A = $ 12,100.00 A = $ 12,100.00A = P + I where A = $ 12,100.00A = P + I whereP (principal) = $ 10,000.00 A = $ 12,100.00A = P + I whereP (principal) = $ 10,000.00I (INTEREST) = $ 2,100.00 |
|