Question

1.
A sum of * 8.000 is invested for 2 years
at 10% per annum compound interest.
Calculate :
(i) interest for the first year.
(ii) principal for the second year.
(iii) interest for the second year.
(iv) final amount at the end of the second
year.
11.​

Answer 1

Answer:

1.interest for 1year =rs.800

2.principal for second year=rs.8800

3.interest for second year=rs.880

4.final amount end of 2year=rs.9680

Step-by-step explanation:

1st year (8000×10)÷100=800rs

2nd year(8800×10)÷100=880rs

final amount=8800+880=9680rs