Question

1. Find the compound interest on 8500 for 2 year at 8% per annum.
Do it with two methods.​

Answer 1

Answer:

si=p×r×t×/100

si=8500×2×8/100

si=85×2×8

si=170×8

si=1360

Answer 2

Given:-

• Principal = 8500

• Time = 2 years

• Rate = 8% per annum

To find:-

• Compound interest

Solution:-

★ Formula Used:-

$\sf{ S.I = \bigg( \dfrac{ P \times R \times T}{100} \bigg)}$

$\implies \sf{ \bigg( \dfrac{ 8500 \times 8 \times 2}{100} \bigg)}$

$\implies \sf{1360 \; Rs}$

$\sf{A = S.I. + P}$

$\implies \sf{360 + 8500}$

$\implies \sf{9860 \; Rs}$

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