Answer:
i. Rs6,000
ii. Rs6,900
Step-by-step explanation:
i. FV = PV(1 + r)^d
FV = 40,000(1 + 0.15)^1
FV = 40,000(1.15)
FV = 46, 000
46, 000 - 40,000
Interest = Rs6, 000
ii. FV = PV(1 + r)^d
FV = 46,000(1 + 0.15)^1
FV = 46, 000(1.15)
FV = 52, 900
52, 900 - 46, 000
Interest = Rs6, 900
