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Calculate the amount and the compound in...

Calculate the amount and the compound interest on:
(i) रु 6,000 in 3 years at 5% per year.
(ii) रु 8,000 in 2 years at 15% per annum.

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The correct Answer is:
To solve the question of calculating the amount and compound interest for the given scenarios, we will use the formula for compound interest: \[ A = P \left(1 + \frac{R}{100}\right)^T \] Where: - \( A \) = Amount after time \( T \) - \( P \) = Principal amount (initial investment) - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Part (i): Calculate for रु 6,000 in 3 years at 5% per annum. 1. **Identify the values:** - Principal \( P = 6000 \) - Rate \( R = 5\% \) - Time \( T = 3 \) years 2. **Substitute the values into the formula:** \[ A = 6000 \left(1 + \frac{5}{100}\right)^3 \] 3. **Calculate \( \frac{5}{100} \):** \[ \frac{5}{100} = 0.05 \] 4. **Add 1 to \( 0.05 \):** \[ 1 + 0.05 = 1.05 \] 5. **Raise \( 1.05 \) to the power of 3:** \[ 1.05^3 = 1.157625 \] 6. **Multiply by the principal:** \[ A = 6000 \times 1.157625 = 6945.75 \] 7. **Calculate the compound interest (CI):** \[ CI = A - P = 6945.75 - 6000 = 945.75 \] ### Summary for Part (i): - Amount after 3 years: रु 6945.75 - Compound Interest: रु 945.75 --- ### Part (ii): Calculate for रु 8,000 in 2 years at 15% per annum. 1. **Identify the values:** - Principal \( P = 8000 \) - Rate \( R = 15\% \) - Time \( T = 2 \) years 2. **Substitute the values into the formula:** \[ A = 8000 \left(1 + \frac{15}{100}\right)^2 \] 3. **Calculate \( \frac{15}{100} \):** \[ \frac{15}{100} = 0.15 \] 4. **Add 1 to \( 0.15 \):** \[ 1 + 0.15 = 1.15 \] 5. **Raise \( 1.15 \) to the power of 2:** \[ 1.15^2 = 1.3225 \] 6. **Multiply by the principal:** \[ A = 8000 \times 1.3225 = 10580 \] 7. **Calculate the compound interest (CI):** \[ CI = A - P = 10580 - 8000 = 2580 \] ### Summary for Part (ii): - Amount after 2 years: रु 10,580 - Compound Interest: रु 2,580 ---

To solve the question of calculating the amount and compound interest for the given scenarios, we will use the formula for compound interest: \[ A = P \left(1 + \frac{R}{100}\right)^T \] Where: - \( A \) = Amount after time \( T \) - \( P \) = Principal amount (initial investment) - \( R \) = Rate of interest per annum ...
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