Question

(1) Use the formula to find the amount and the compound interest
principal 8000
rate 10 p.c.p.a
time 2 years​

Answer 1

Answer:

Given , Principal = 8000 , Rate = 10% p.a , Tme = 2 years

Final Amount = P x [1 + (R/100)]^n

= 8000 x [1 + 0.1]^2 = 8000 x 1.21 = 9680

Compound Interest = Amount - Principal = 9680 - 8000 = 1680

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