Question

2. Calculate the amount and ci
(i) * 8,000 in 2 years at 15% per annum.
​

Answer 1

Answer:2580

Step-by-step explanation:

=A=P(1+R upon 100)raise to N

A= 8000(1+15 upon 100)raise to 2

A= 8000(23 upon 20) raise to 2

=8000×23×23 upon 20× 20

= 10580

C.I= A-P

C.I= 10580-8000

C.I= 2580