4. A sum of Rs 8,000 becomes Rs 8,800 in one year at a certain rate of interest per annur
(i) Find the compound interest on the sum for 2 years at the same rate of interest.
(ü) Find the amount after 3 years at the same rate of compound interest
Answers
Answered by
7
I) Interest in first year = 8800-8000
= 800
Persentage= 800/8000×100
= 10%
Interest in second year = 8800×10/100
= 880
Principal of the begi. of Ing of third year or end of second year = 8800 + 880
= 9680
II) Interest in Third year = 9680 × 10/100
= 968
Amount at the end of third year = 9680 + 968
= 10648
KeEp smiling ❣️
(◍•ᴗ•◍)❤
Similar questions