allery15,000ꯗꯥ ꯆꯍꯤ ꯑꯃꯗꯥ 5%ꯗꯥ 2 ꯆꯍꯤꯒꯤ ꯑꯣꯏꯅꯥ ꯏꯆꯝ ꯆꯝꯕꯥ ꯏꯟꯇꯔꯦꯁ꯭ꯠ ꯑꯗꯨ ꯐꯪꯕꯤꯌꯨ꯫
A750
B1,500
C1,575
D3,000
Answer & Solution
Correct answer: B. 1,500
1. ꯁꯤꯝꯄꯜ ꯏꯟꯇꯔꯦꯁ꯭ꯇꯅꯥ ꯐꯣꯔꯃꯨꯂꯥ P x R x T / 100 ꯁꯤꯖꯤꯟꯅꯩ 2. ꯃꯐꯝ ꯑꯁꯤꯗꯥ P = 15000, R = 5 ꯑꯃꯁꯨꯡ T = 2. 3. ꯆꯍꯤ ꯑꯃꯒꯤ ꯏꯟꯇꯔꯦꯁ꯭ꯠ ꯑꯁꯤ 15000 = 750ꯒꯤ ꯆꯥꯗꯥ 5ꯅꯤ 4. ꯆꯍꯤ 2ꯒꯤ ꯃꯅꯨꯡꯗꯥ ꯍꯥꯌꯕꯗꯤ 750 x 2 = 1500. 5. 1575 ꯑꯁꯤ ꯀꯝꯄꯥꯎꯟꯗ ꯏꯟꯇꯔꯦꯁ꯭ꯇꯀꯤ ꯐꯤꯒꯔ ꯑꯣꯏꯒꯅꯤ, ꯃꯔꯝ ꯑꯗꯨꯅꯥ ꯃꯁꯤ ꯂꯧꯕꯥ ꯍꯥꯌꯕꯁꯤ ꯀꯝꯄꯥꯎꯟꯗ ꯇꯧꯕꯥ ꯍꯥꯌꯕꯅꯤ꯫ ꯃꯐꯝ ꯑꯗꯨꯗꯥ ꯋꯥꯍꯪ ꯑꯗꯨꯅꯥ ꯏꯆꯝ ꯆꯝꯕꯥ ꯏꯟꯇꯔꯦꯁ꯭ꯠ ꯑꯃꯥ ꯍꯪꯈꯤ꯫ _ꯁꯣꯔꯁ: ꯁꯤꯂꯦꯕꯁ ꯃꯦꯊꯁ, Ch 7 ‘ꯀꯝꯄꯥꯔꯤꯡ ꯀ꯭ꯕꯥꯟꯇꯤꯇꯤꯁꯤꯡ’, S7.4 ꯀꯝꯄꯥꯎꯟꯗ ꯏꯟꯇꯔꯦꯁ꯭ꯠ_
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For the same principal, rate and a period of one year, compound interest compounded annualAt simple interest, a sum doubles itself in 8 years. The annual rate is:Find the simple interest on 5,000 at 8% per annum for 3 years.For 10,000 at 10% per annum for 2 years, compound interest exceeds simple interest by:20,000 is borrowed for 2 years at 8% compounded annually. The compound interest is:Compound interest differs from simple interest because compound interest is calculated on:A sum of 10,000 is borrowed at 15% per annum simple interest for 2 years. The amount repayInterest, in the banking sense, is best described as: