Q.

Calculate the amount and compound interest on Rs.10,800 for 3 years at 12.5% per annum compounded annually.

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a

Question Imageand Question Image

b

Question Imageand Question Image

c

Question Image and Question Image

d

Question Imageand Question Image 

answer is A.

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Detailed Solution

Concept- Compound interest can be calculated using the formula Question Image.
Here, Question ImageQuestion Image years
Question ImageQuestion ImageQuestion ImageQuestion ImageQuestion ImageQuestion ImageNow, compound Interest =Amount Question ImageQuestion ImageQuestion ImageTherefore, the amount and compound interest are Question Imageand Question Imagerespectively.
Hence, the correct answer is option 1) Question Imageand Question Image.
 
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Calculate the amount and compound interest on Rs.10,800 for 3 years at 12.5% per annum compounded annually.