Question

3. Find the compound interest on 8000 at 12.5% per
annum for two years compounded annually,​

Answer 1

ANSWER:

\bf{Given}\begin{cases}\sf{Principal=Rs\:8000}\\\sf{Time=2\:yrs}\\\sf{Rate=12.5\%\:compounded\:annually}end{cases}

$\bf{Compound\:interest}\textsf{ is calculated on the} \\ \textsf{principal amount and also on the accumulated} \\\textsf{interest of previous periods, and can thus be} \\ \textsf{regarded as \bf{interest on interest.}}</p><p>[tex]\textsf{But, Here we won't use the Formula of} \\ \textsf{Compound Interest. we will use Simple}\\ \textsf{Interest Formula Only.}\\\\\bullet\:\:\textsf{Interest on First Year of Simple Interest}\\ \quad\textsf{and Compound Interest are always equal.}\\\\\bullet \:\: \textsf{Principal for Compound Interest for next}\\\quad\textsf{consecutive years can be find by Adding}\\ \quad\textsf{Principal and Past Year Interest.}$

$\rule{400}2$

$\underline{\bf\dag\:\large{\texit{Year 1:}$

Answer 2

Hope this will Help u Dear